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Gold futures finish higher for third straight session amid bank jitters

05 May 2023 Evaluate
Gold futures finished higher for third straight session on Thursday, supported by the safe haven appeal of the bullion as banking jitters intensified. Moreover, higher weekly jobless claims and bets on pause of interest rate hike also kindled the yellow metal investments.

Gold futures for June rose by 18.70 or 0.91% to settle at $2055.70 ounce on the Comex division of the New York Mercantile. However, spot gold slipped by $0.44 or 0.02% to $2,049.84 per ounce.