MoneyWorks4Me

Gold futures finish higher on global economic uncertainties

25 Apr 2023 Evaluate
Gold futures finished higher on Monday, kindled by the safe haven appeal of the bullion amid lingering global economic uncertainties and on caution ahead to key US economic data, which might influence US Federal Reserve's next policy decision. Moreover, weakness in dollar also buoyed investment appeal of the green back denominated bullion.

Gold futures for June up by $9.30 or 0.5% to $1999.80 ounce on the Comex division of the New York Mercantile. Spot gold rose by $2.95 or 0.15% to $1,992.09 per ounce.

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