MoneyWorks4Me

Gold futures finish sharply higher as dollar dips

07 May 2026 Evaluate
Gold futures finished sharply higher on Wednesday, kindled by the dip in dollar, reduced bond yield notes and on easing crude oil rates. Additionally, curtailed bets that central banks would need to maintain restrictive policies for longer, with the easing inflation worries supported yellow metal rates.

Gold futures for June delivery rises by $125.80 to 2.75% to settle at $4,694.30 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 5.11 or 0.11% to $ 4,696.47 an ounce.

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