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Gold futures finish higher on safe-haven appeal

30 May 2026 Evaluate

Gold futures finished higher on Friday, boosted by safe haven appeal as the President Trump is yet to approve a tentative 60-day ceasefire extension between the US and Iran, to allow formal talks for peace agreement. Weakness in bond yield notes and bets on Fed interest rate cuts buoyed the yellow metal investments.

Gold futures for August delivery up by $60.60 to 1.34% to settle at $4,593.00 an ounce on the Comex division of the New York Mercantile. While, spot gold higher by $44.97 or 1% to $4,540.26 an ounce.