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Gold futures finish higher on safe haven demand

21 May 2024 Evaluate

Gold futures finished higher on Monday, whetted by the safe haven appeal of the bullion amidst geopolitical uncertainty following the death of Iranian president Ebrahim Raisi. While, optimism that the US Federal Reserve will implement two interest rate cuts this year further bolstered gold prices.

Gold futures for June delivery gained by $21.1 or 0.87% to settle at $2438.50 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $12.52 points or 0.52% to $ 2412.79 an ounce.


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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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