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Gold futures finish sharply higher on Tuesday

15 Jul 2026 Evaluate
Gold futures finished sharply higher on Tuesday as dollar weakened after cooler-than-forecast US consumer inflation data. This data sparked investor hopes that the Federal Reserve will avoid aggressive interest rate hikes.

Gold futures for August delivery rebounded by $64.00 to 1.60% to settle at $4,069.70 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $20.69 or 0.51% to $4,032.16 an ounce.