Skip to main content

MoneyWorks4Me

Gold futures finish lower ahead to US inflation data

14 May 2024 Evaluate
Gold futures finished lower on Monday, pressured by the firmer bond yield notes and on pick up in dollar rates amidst persisting high interest rates for a prolonged period. The US PPI is set to be released later on the day, with the CPI following on Wednesday.

Gold futures for June delivery down by $32 or 1.34% to settle at $ 2343.00 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $7.74 points or 0.33% to $ 2,344.06 an ounce.