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Gold futures finish higher on softer dollar

05 Aug 2025 Evaluate
Gold futures finish higher on Monday, buoyed by softer dollar and growing expectations of a US interest rate cut in September. Additionally, renewed concerns over the Fed’s independence after Governor Adriana Kugler’s resignation last Friday, which gives President Donald Trump an opportunity to nominate a replacement more aligned with his calls for lower interest rates, also raised safe haven bets.

Gold futures for December delivery up by $26.60 or 0.78% to settle at $3,426.40 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.49 or 0.07% to $3,371.10 an ounce.

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