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Gold futures finish lower as dollar and bonds rise

28 May 2026 Evaluate
Gold futures finished lower on Wednesday, as reports of fresh US strikes on an Iranian military site clouded the outlook for peace negotiations boosting perceived safe haven dollar and bond yield notes. Elevated energy prices intensified inflationary pressures and bets on keeping higher for longer interest rates by Federal Reserve, dulling investment appeal of the bullion.

Gold futures for June delivery down by $53.90 to 1.19% to $4,448.40 an ounce on the Comex division of the New York Mercantile. While, spot gold lower by $ 75.35 or 1.69% to $ 4,378.63 an ounce.