COMMODITY
Gold futures finish sharply lower on strong dollar and bonds
Mar-01-2025
Gold futures finished sharply lower on Friday, kindled by the strength in dollar and bond yield notes followed by 0.3% month-over-month rise in PCE prices for January, with the annual rate easing to 2.5%. Market expectations of two Federal Reserve rate cuts this year, after inflation remaining above the 2% target also pressured the yellow metal investments. The yellow metal for the most active contract marked biggest weekly drop since November by falling 3.5% for the week.

Gold futures for April delivery tumble by $47.40 or 1.64% to $2,848.50 ounce on the Comex division of the New York Mercantile. While, spot gold down by $ 19.69 or 0.68% to settle at $ 2,857.83 an ounce.

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