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Gold futures end higher after US consumer confidence slides

26 May 2021 Evaluate
Gold futures ended higher on Tuesday, lifted by the safe haven bullion bets after US consumer confidence figure for May and new home sales for April showed a dip. Meanwhile weaker green back and easing US treasury yields boosted the yellow metal buying.

Gold futures for June rose by $13.50 or 0.7% at $1,898 an ounce on the Comex division of the New York Mercantile. While, spot gold jumped by 0.8% to $1,896.74 per ounce.