Skip to main content

MoneyWorks4Me

Gold futures finish tad higher on softer dollar

06 Mar 2025 Evaluate
Gold futures finished higher on Wednesday, boosted by the softness in dollar and on safe-haven demand amid US trade policy uncertainties. Moreover, prospects of further Fed interest rate cut after recent US private sector job growth dipped a seven-month low, also added investment appeal for the yellow metal. Meanwhile, participants closely eyed on the non-farm payrolls report for clues on the Federal Reserve’s policy direction.

Gold futures for April delivery rose by $5.40 or 0.18% to settle at $ 2,926.00 ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.85 or 0.06% to settle at $ 2,917.54 an ounce.