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08-May2018

Gold futures end slightly lower on Monday

Gold futures ended slightly lower on Monday, as the dollar went stronger against a basket of currencies amid anticipations that the U.S. Federal Reserve will lift interest rates this year. Higher rates will drag the yellow metal down as they increase the opportunity cost of holding non-yielding assets. 

Gold futures for June delivery settled down $0.60, or 0.05 percent, at $1,314.10 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down by 0.04 percent at $1,314.08 per ounce.



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