COMMODITY
Gold futures finish lower on Friday
Jun-28-2025

Gold futures finished lower on Friday as the safe haven appeal of the bullion dulled with the easing geopolitical tensions and improving global trade prospects. Meanwhile, the core PCE index of US advanced rose slightly above expectations though inflation subdued, boosting hopes for Fed rate cuts later this year. The yellow metal for the most active contract marked second straight weekly loss by dipping about 2.8%. 

Gold futures for August delivery dipped by $60.40 or 1.80% to settle at $3,287.60 an ounce on the Comex division of the New York Mercantile. Spot gold down by $ 53.59 or 1.61% to $3,274.33 an ounce.

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