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Gold futures finish sharply higher as dollar, bonds dip

16 Jun 2026 Evaluate
Gold futures finished sharply higher on Monday, with a counterintuitive economic reaction to the interim US-Iran peace deal, crash in crude oil rates and waning inflation woes. The yellow metal investments soared with the dip in dollar and on decline in bond yield notes.

Gold futures for August delivery surged by $112.80 to 2.66% to settle at $4,351.60 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $106.82 or 2.53% to $4,326.15 an ounce.