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Gold futures finish sharply higher on safe haven appeal

14 Oct 2025 Evaluate
Gold futures finished sharply higher on Monday, marking record high, as the safe haven appeal of the bullion got boosted with the concerns over global economic stability amidst prolonged US government shutdown, US-China trade tensions, softer dollar and increased bets of US interest rate cuts. Continued buying of gold by central banks worldwide also provided structural support for the precious metal. The yellow metal for the most active contract has advanced about 56% so far this year.

Gold futures for December delivery soared by $132.60 or 3.3% to settle at $4,133.00 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $53.06 or 1.29% to $ 4,163.33 an ounce.

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