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Gold futures finish higher for second straight session on Wednesday

04 May 2023 Evaluate
Gold futures finished higher for second straight session on Wednesday, kindled by the safe haven appeal after US Federal Reserve raised its benchmark interest rate by 25 basis points to 5-5.25%. Moreover, weakness in dollar and Treasury bond yield notes supported yellow metal buying.

Gold futures for June rose by 13.70 or 0.70% to settle at $2037.00 ounce on the Comex division of the New York Mercantile. Spot gold added $3.34 or 0.16% to $ 2,042.31 per ounce.