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Gold futures finish higher on safe haven appeal

20 May 2025 Evaluate
Gold futures finished higher on Monday, kindled by the intensified investor demand for safe-haven assets amidst concerns over US debt and weak economic data followed by downgrade of the US sovereign credit rating by Moody's. Additionally, a softer dollar and weaker bond yield notes also supported yellow metal investments.

Gold futures for June delivery rose by $46.30 or 1.45% to settle at $3,233.50 an ounce on the Comex division of the New York Mercantile. While, spot gold lower by $16.26 or 0.50% to $3,213.30 an ounce.