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Gold futures finish higher on safe haven appeal

21 May 2026 Evaluate

Gold futures finished higher on Wednesday, supported by the safe haven appeal of the bullion amidst ongoing geopolitical tensions. Moreover, prospect of earlier or more aggressive US rate cuts weakened the dollar, making bullion cheaper for third currency holders.

Gold futures for June delivery rose by $24.10 to 0.53% to settle at $4,511.20 an ounce on the Comex division of the New York Mercantile. However, spot gold dipped by $9.44 or 0.21% to $4,534.75 an ounce.