Gold futures settled lower on Friday, as the precious metal found few catalysts to climb out of a recent downtrend, even though dollar eased after the release of strong US economic growth data amid still lingering trade tensions between the United States and Europe.
Gold futures for August delivery settled down $2.70, or 0.2 percent, at $1,223 per ounce, on the Comex division of the New York Mercantile. While, spot gold edged up 0.1 percent to $1,223.46 per ounce.
Gold futures ended higher on Friday, after President Donald Trump's comments criticized strength of the dollar and Federal Reserve’s interest-rate hike.
Gold futures for August delivery settled up $7.10, or 0.6 percent, at $1,231.10 per ounce, on the Comex division of the New York Mercantile. While, spot gold gained 0.7 percent at $1,230.89 per ounce.
