COMMODITY
Gold futures finish higher as dollar softens
May-02-2024
Gold futures finished higher on Wednesday, as the softer dollar encouraged the yellow metal to rebound from previous session’s four week low settlement. Safe haven appeal ahead to key US Friday’s nonfarm payrolls report, also supported the precious metal buying. Meanwhile, the Federal Reserve maintained its interest rates at current levels, as widely expected.

Gold futures for June delivery rose to $8.10 or 0.35% to settle at $2311.00 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $0.55 points or 0.02% to $2,320.11 an ounce.

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