Skip to main content

MoneyWorks4Me

Gold futures finish higher on safe haven appeal

08 Aug 2025 Evaluate
Gold futures finished higher on Thursday, kindled by the safe haven appeal with the escalating trade tensions and on reports of US tariffs on gold imports. Bets on potential interest rate cuts by the Federal Reserve, also boosted investment appeal of the bullion.

Gold futures for December delivery up by $20.30 or 0.60% to settle at $3,453.70 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $1.93 or 0.06% to $3,398.31 an ounce.