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16-Feb2018

Gold futures end slightly lower on Thursday

Gold futures ended slightly lower on Thursday, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks. Moreover, expectations that the US Federal Reserve will raise interest rates to fight inflation make gold less attractive since it is not interest-yielding.

Gold futures for April delivery ended lower by 2.70, or 0.2 percent, at $1,355.30 per ounce on the Comex division of the New York Mercantile. While, spot gold up by 0.2 percent at $1,352.81 per ounce



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