COMMODITY
Gold futures finish sharply lower on interest rate hike bets
Jun-10-2026
Gold futures finished sharply lower on Tuesday, as the bets on interest rate hikes by Federal Reserve intensified after stronger-than-expected US economic reports, and stubborn energy-driven inflation fears. Oil prices surged after the US launched retaliatory strikes against Iran following the downing of an American helicopter. Meanwhile, investors shifted their attention to upcoming US inflation data for hints regarding future Federal Reserve policy.

Gold futures for August delivery plunged by $77 to 1.76% to settle at $4,286.40 an ounce on the Comex division of the New York Mercantile. While, spot gold tumbled by $83.73 or 1.97% to $4,177.12 an ounce

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