COMMODITY
Gold futures finish higher on retreat in dollar and bonds
Nov-19-2024
Gold futures finished higher on Monday, marking its highest level in a week as dollar and bond yield notes retreats amidst expectations for more Fed interest rate cuts. Moreover, ongoing hostilities in the Middle East and intensified tensions between Russia and Ukraine also provided safe haven appeal to the bullion.

Gold futures for December rose by $44.50 or 1.70% to $ 2,614.60 ounce on the Comex division of the New York Mercantile. While, spot gold climbed by $12.63 or 0.48% to $ 2,624.46 per ounce.

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