MoneyWorks4Me

Gold futures finish sharply lower with firm dollar

05 May 2026 Evaluate
Gold futures finished lower on Monday, as the dollar firmed as perceived safe haven with the intensifying tensions in the Middle East tensions and surging energy prices. Additionally, bets over hawkish central bank stance with the rising inflation rates also saddled the yellow metal rates.

Gold futures for June delivery tumble by $111.20 to 2.39% to settle at $4,533.30 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $10.05 or 0.22% to $ 4,531.96 an ounce.

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