Skip to main content

MoneyWorks4Me

Gold futures finish higher for second straight session

07 Jun 2023 Evaluate
Gold futures finished higher for second straight session on Tuesday, kindled by weakness in dollar and bond yield notes and on woes over global economic slowdown. Moreover, bets on Fed interest rate hike pause also supported yellow metal investments.

Gold futures for August delivery rose by $7.20 or 0.40% to settle at $1981.50 ounce on the Comex division of the New York Mercantile. While, spot gold added by $0.74 or 0.04% to $ 1,964.26 per ounce.