Skip to main content

MoneyWorks4Me

Gold futures finish higher on Wednesday albeit monthly loss

01 Jun 2023 Evaluate
Gold futures finished higher on Wednesday, kindled by the safe haven appeal of the bullion amid US default woes. Even though, the yellow metal registered monthly loss of 1.8% pressured by the overall decline in the greenback, and on optimism that lift in debt ceiling would avert catastrophic US default.

Gold futures for August delivery added by $50 or 0.3% to settle at $1982.10 ounce on the Comex division of the New York Mercantile. While, spot gold up by $1.06 or 0.05% to $ 1,963.79 per ounce.