Gold futures finish higher on weaker dollar
Gold futures finished sharply higher on Tuesday, as dollar dipped and crude oil rates plunged, following President Trump’s decision to pause attacks on Iran for 14 days amid potential ceasefire talks. Further, decline in US Treasury bond yield notes and expectations of Federal Reserve interest rate cuts also buoyed yellow metal investments.
Gold futures for June delivery soared by $142.30 to 3.03% to $4,827.00 an ounce on the Comex division of the New York Mercantile. Spot gold rose by $88.34 or 1.88% to $4,794.85 an ounce.
