COMMODITY
Gold futures finish higher as dollar slides
Dec-05-2024
Gold futures finished higher on Wednesday, kindled by the weakness in dollar and bets on 25 bps rate cut in December. Moreover, the yellow metal got buoyed with the increased safe haven appeal amidst global geopolitical unrest, including political turmoil in South Korea and France, the Russo-Ukrainian war, and Israel's threat of war with Lebanon if its truce with Hezbollah collapses.

Gold futures for December up by $8.30 or 0.31% to $ 2,676.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.17 or 0.09% to $2,647.73 per ounce.

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