COMMODITY
Gold futures finish sharply higher on Monday
Jun-03-2025
Gold futures finished sharply higher on Monday, registering its strongest single-day gain since May 6th, as the heightened trade and geopolitical tensions buoyed the safe haven appeal of the bullion. US President Donald Trump’s announcement on double tariffs over steel and aluminium imports, accusation on China violating a trade agreement with the US, and escalation of Russia-Ukraine war, had raised woes in the market.

Gold futures for June delivery surge by $81.70 or 2.48% to settle at $3,370.60 an ounce on the Comex division of the New York Mercantile. While, spot gold lower by $19.62 or 0.58% to $ 3,361.97 an ounce.

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