COMMODITY
Gold futures finish tad higher on Friday
May-27-2023
Gold futures finished tad higher on Friday, supported by technical buying after the yellow metal dipped for four straight sessions and as dollar eased kindling greenback denominated yellow metal investments. The Bullion eked gains in the session after previous session’s 9-week low rate. However, the precious metal for the most active contract marked third straight weekly fall by 1.9% with the risk appetite in the market amid optimism over US debt ceiling deal.

Gold futures for June up by $60 cents or 0.1% to settle at $1944.30 ounce on the Comex division of the New York Mercantile. Spot gold added by $5.05 or 0.26% to $1,946.46 per ounce.

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