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Gold futures finish higher on safe haven appeal

17 Jul 2025 Evaluate
Gold futures finished higher on Wednesday, kindled by the potential changes in Federal Reserve leadership, particularly surrounding Jerome Powell's position. Additionally, strong central bank accumulation and safe-haven demand contributed to the upward momentum in gold prices.

Gold futures for August delivery up by $22.40 or 0.67% to $3,359.10 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $4.90 or 0.15% to $3,342.23 an ounce.