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Gold futures finish higher on safe haven bets
Apr-16-2024
Gold futures finished higher on Monday, kindled by the safe haven bullion bets amidst intensified Middle East geopolitical conflicts after US confirmed its decision not to assist Israel in retaliating against Iran. Iran had launched a large-scale drone strike on Israel as response to an attack on its embassy in Syria. Anticipations of Fed interest rate trims followed by positive economic indicators and weakness in 10-yeaar Treasury bond yield notes also supported precious metal buying. 

Gold futures for June delivery up by $8.90 or 0.37% to $2383.00 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $3.48 points or 0.15% to $2,386.82 an ounce.

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