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Gold futures finish higher for second straight session

17 Jun 2022 Evaluate
Extending winning streak to second straight session, Gold futures finished sharply higher on Thursday, kindled by the weakness in dollar and easing Treasury bond yields followed by the interest rate hike by Federal Reserve. Moreover, safe haven appeal of the bullion amid growing uncertainties over global economic health also added the upside.

Gold futures for August improved by $30.30 or 1.7% to settle at $1849.90 ounce on the Comex division of the New York Mercantile. However, spot gold fell 0.3% to $1,827.60 per ounce.