COMMODITY
Gold futures finish higher on Fed rate cut hopes
Aug-13-2026
Gold futures finished higher on Wednesday, marking two month high kindled by a softer dollar and a mild 0.1% rise in July US CPI inflation numbers. Besides, bullion gained safe-haven appeal from the ongoing US-Iran deadlock over the Strait of Hormuz conflict.

Gold futures for December delivery up by $26.40 to 0.59% to settle at $4,467.50 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $5.05 or 0.11% to $ 4,403.24 an ounce.

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