4 Apr 2022 , 12:28 AM
COMEX Gold futures for June ended down by $30.30 or about 1.6% at $1,923.70 an ounce in last session. The metal prices declined sharply on Friday, as the dollar firmed against peers amid bets the Fed would resort to aggressive monetary tightening after data showed the jobless rate in US dropped to a new two-year low in March. A surge in Treasury yields also weighed on the yellow metal, while concerns about the Russia-Ukraine conflict limited golds declined. The dollar index stayed well supported around 98.50 mark, capping upmove in Gold.
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