COMMODITY
Gold futures finish sharply higher as US inflation dips
Dec-21-2024
Gold futures finished sharply higher on Friday, after three straight sessional losses, kindled by the softness in dollar and bond yield notes followed by softer than expected US inflation data. Bullion so far surged about 25% this year, supported by US monetary easing, safe-haven demand, and central bank purchases. Albeit, yellow metal for the most active contract logged weekly loss of about 0.78%.

Gold futures for February delivery rose by $37.00 or 1.42% to settle at $2,645.10 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $28.90 or 1.11% to $2,622.91 an ounce.

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