COMMODITY
Gold futures trade higher amid Middle East tensions
Jun-24-2019

Gold futures traded higher on Monday, on account of increased safe heaven bullion investments amid escalated tensions between the United States and Iran. Furthermore, a weaker dollar buoyed the yellow metal, as the softer dollar makes the gold cheaper to other currency holders.

Gold futures for August delivery rose 0.7% to $1,410.20 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.6% at $1,406.56 per ounce.

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