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Gold futures finish sharply higher on safe haven appeal

08 May 2026 Evaluate
Gold futures finished sharply higher on Thursday, kindled by the safe haven appeal amidst reignited clashes between the US and Iran. Moreover, rising inflation woes with soaring crude oil rates, weaker dollar and dipping bond yield notes boosted yellow metal rates.

Gold futures for June delivery up by $16.60 to 0.35% to settle at $4,710.90 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $25.81 or 0.55% to $ 4,711.61 an ounce.