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Gold futures finish higher on safe haven appeal

12 May 2026 Evaluate
Gold futures finished higher on Monday, buoyed by the safe haven appeal with the intense Middle East tensions, looming inflation worries, and a softer dollar. Additionally, soaring crude oil rates with the concerns over the disruption of oil shipments caused by the prolonged blockade of the Strait of Hormuz also kindled the yellow metal investments. 

Gold futures for June delivery rose by $17.80 to 0.37% to settle at $4,728.70 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $14.08 or 0.30% to $ 4,722.09 an ounce.