Equity Tips:- Gold Futures Decline On Thursday

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Gold futures declined on Thursday, as a firm dollar and higher U.S. Treasury yields dampened interest in bullion. Moreover, stronger-than-expected economic growth or inflation would hurt gold by bolstering expectations of more rapid increases in interest rates.

 

Gold futures for June delivery settled down $4.90, or 0.4 percent, at $1,317.90 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down 0.4 percent at $1,317.31 per ounce.

 

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