Skip to main content

MoneyWorks4Me

Gold futures finish higher for fifth straight session on Wednesday

08 Jul 2021 Evaluate
Gold futures finished higher for the fifth straight session on Wednesday, registering above the key $18000 benchmark as the traders closely watched for cues on financial markets ahead to the release of US Federal Reserve’s minutes from its last meeting buoyed some bullion investments. Besides, the greenback’s weakness and a decline in US Treasury note yields also boosted the yellow metal.

Gold futures for August rose by 0.4% or $8 higher at $1,802.10 an ounce on the Comex division of the New York Mercantile. Spot gold jumped by 0.4% to $1,804.16per ounce.