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06-Dec2017

Gold futures slump to two-month low

Gold futures declined to two-month low on Tuesday, as dollar firmed against a bucket of currencies and as US tech stocks bounced on tax bill optimism. The yellow metal also dropped as investors are looking towards the US non-farm payrolls report this week, the last employment figures ahead the Federal Reserve's monetary policy meeting next week.

Gold futures for December delivery fell by $12.80, or 1 percent, at $1,264.90 an ounce on the Comex division of the New York Mercantile. While, spot gold was also down 1 percent at $1,263.02 an ounce.


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