Gold Futures End Lower On Tuesday

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Gold futures retreated on Tuesday from their previous sessions’ gains as dollar strengthened against bucket of major currencies. The yellow metal mostly holds inverse relationship with dollar, as the stronger dollar makes the bullion more expensive for other currency holders.

 

Gold futures for June delivery settled down $9.60, or 0.7 percent, at $1,337.30 per ounce, on the Comex division of the New York Mercantile. While, spot gold dropped by 0.6 percent to $1,333.09 per ounce. 

 

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