Gold Futures End Lower On Friday

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Gold futures ended lower on Friday, pressured by strong dollar and expectations that US Federal Reserve will hike interest rates in the meeting next week for the first time this year. The rate hike generally lifts bond yields and dollar, making non-yielding bullion less attractive.

 

Gold futures for April delivery settled down $5.50, or 0.4 percent, at $1,312.30 per ounce, on the Comex division of the New York Mercantile. While, spot gold slipped by 0.3 percent, trading at $1,312.36 per ounce.

 

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