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Gold futures finish higher as dollar dips

24 Jan 2025 Evaluate

Gold futures finished higher on Thursday, kindled by weakness in dollar and on dovish comments by President Trump. Softer green back and dip in interest rates supported investment appeal of the non-yielding bullion. Besides, safe haven appeal of the bullion got boosted amidst lingering uncertainty over the impact of Trump’s proposed tariffs and immigration policies.

Gold futures for February delivery up by $16.30 or 0.58% to $2,765.00 ounce on the Comex division of the New York Mercantile. Spot gold rose by $18.92 or 0.69% to $2,773.79 an ounce.