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Gold futures finish higher for fourth straight session on Tuesday

25 May 2022 Evaluate
Gold futures finished higher for fourth straight session on Tuesday, supported by the easing dollar and on negative trend in US Treasury bond yields. Additionally, safe haven appeal of the bullion amid global recession fears, ongoing Ukraine war and peaking inflationary pressure also buoyed the yellow metal further.

Gold futures for June climbed by 1% or $17.60 at $1,865.40 ounce on the Comex division of the New York Mercantile. While, spot gold declined by 0.2% to $1,862.48 per ounce.