COMMODITY
Gold futures finish sharply higher on weaker dollar
Jul-02-2025

Gold futures finished higher on Tuesday on weaker dollar amidst fiscal concerns and lingering trade uncertainty. The Senate approved Trump’s tax-and-spending megabill, returning it to the House, which is projected to add the national debt by $3.3 trillion. Additionally, weakness in US Treasury bond yield notes, rising inflation and safe haven appeal with the intensified geopolitical tensions also buoyed the yellow metal rates.

Gold futures for August delivery rose by $42.10 or 1.27% to settle at $3,349.80 an ounce on the Comex division of the New York Mercantile. However, spot gold up by $0.31 or 0.01% to $3,339.15 an ounce.


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