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Gold futures finish higher on safe haven appeal

01 Aug 2024 Evaluate
Gold futures finished higher on Wednesday, kindled by the safe haven appeal of the bullion amidst intensified broader conflict in the Middle East after Hamas leader Ismail Haniyeh was assassinated in Tehran, following Israel's claim of killing Hezbollah's top commander in a Beirut airstrike on Tuesday. Besides, softer dollar and bond yield notes also boosted yellow metal investments.

Gold futures for December delivery rose by $21.10 or 0.85% to $2,473.00 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $4.45 or 0.18% to settle at $2,443.15 an ounce.