COMMODITY
Gold futures finish higher on safe haven bets
Oct-22-2024

Gold futures finished higher on Monday, due to safe haven appeal of the bullion ahead to upcoming tight US election and on intensified Middle East tensions amidst report that Israel has targeted sites linked to Hezbollah's financial operations on Beirut. Lower interest rates also raised investment appeal of the yellow metal. 

Gold futures for December delivery rose by $8.90 or 0.32% to settle at $2,738.90 per ounce on the Comex division of the New York Mercantile. Spot gold up by $5.70 or 0.21% to settle at $2,744.60 an ounce.


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