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Gold futures finish higher as dollar, bonds dips

07 May 2024 Evaluate
Gold futures finished higher on Monday, supported by the investment appeal of the bullion after dollar and bonds dipped followed by weaker-than-expected US jobs growth. Moreover, intensified bets over interest rate cuts by Federal Reserve also supported precious metal investments.

Gold futures for June delivery rose by $22.60 or 0.97% to settle at $ 2331.20 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $0.25 points or 0.01% to $2,323.72 an ounce.