COMMODITY
Gold futures finish higher on safe haven appeal
Sep-20-2024

Gold futures finished higher on Thursday, kindled by the safe haven appeal of the yellow metal amidst intensifying geopolitical tensions in the Middle East, as Israel advances toward the Lebanon border. Further, softer dollar and dipping bond yield notes followed by the first interest rate cut by Federal Reserve since early 2020, with an unexpected 50 bps also supported the bullion investments.

Gold futures for December delivery up by $16 or 0.61% to settle at $2,614.60 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.75 or 0.18% to settle at $2,591.49 an ounce.


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