COMMODITY
Gold futures finish higher after inflation rate dips
May-14-2025
Gold futures finished higher on Tuesday, kindled by the expectations of more Fed interest rate cuts followed by the dip in US inflation rate. The annual US inflation rate eased to 2.3% in April, the lowest since February 2021 and below market expectations of 2.4%. As per reports, Gold ETFs registered net inflows of 115 tons in April, marking the fifth consecutive monthly rise and the largest gain in over three years, primarily driven by nearly 65 tons from China. Weaker dollar and slide in bond yield notes also supported the yellow metal investments.

Gold futures for June delivery up by $19.80 or 0.61% to settle at $3,247.80 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $22.51 or 0.69% to settle at $3,227.80 an ounce.

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