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Gold futures finish higher on softer dollar and bond yield notes

16 May 2024 Evaluate
Gold futures finished higher on Wednesday, as the softer dollar and sliding bond yield notes kindled investment appeal of the bullion. Additionally, slower than expected US CPI numbers spurred Fed interest rate cut expectations, buoying yellow metal investments.

Gold futures for June delivery rose by $35 or 1.48% to settle at $2394.90 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 4.68 points or 0.20% to $2,390.67 an ounce.