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Gold futures finish sharply higher on Monday

07 Jul 2026 Evaluate
Gold futures finished sharply higher on Monday, driven by trimmed expectations of further Federal Reserve interest rate hikes followed by weaker-than-expected US nonfarm payroll data and cooling oil prices. The yellow metal also got boosted by the softer dollar and dipping bond yield notes.

Gold futures for August delivery up by $41.80 to 1.01% to $4,167.50 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $33.03 or 0.79% to $ 4,132.20 an ounce.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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