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Gold futures finish higher on safe haven appeal

14 Aug 2025 Evaluate

Gold futures finished higher on Wednesday, supported by the safe haven appeal of the bullion amidst ongoing economic uncertainties and geopolitical tensions. Moreover, weaker-than-expected US economic data, bolstered expectations for a potential interest rate cut by the Federal Reserve.

Gold futures for December delivery up by $9.30 or 0.27% to settle at $3,408.30 an ounce on the Comex division of the New York Mercantile. Spot gold rose by $3.28 or 0.10% to $3,359.14 an ounce.