gold futures finished slightly lower on monday following last week’s modest rise the precious metal found support friday on the back of softer us yields those softer us yields could “play in favor” of gold if the market sees a material pullback in federal reserve interestrate hike expectations but that view “is data dependent” said ipek ozkardeskaya senior analyst at swissquote bank in monday commentary investors will closely watch the us’s latest gdp update and the pce index which is another gauge of inflation that is closely monitored by the fed he said “a strong gdp andor a strong pce could easily fuel the fed hawks sending the us yields and the us dollar higher” in turn equities and gold would head lower ​gold for december delivery gcz22 fell 220 or 01 to settle at 165410 an ounce on comex after climbing 12 on friday and posting a gain of 05 for the week