COMMODITY
Gold futures finish lower on bets of higher interest rates
Jun-04-2026

Gold futures finished lower on Wednesday, as rising crude oil prices and instability in the Middle East spurred expectations that central banks might need to raise interest rates. Moreover, firmer dollar and rising bond yield notes also saddled the yellow metal rates. Renewed US-Iran strikes and the involvement of Bahrain and Kuwait in the crossfire have severely jeopardized peace negotiations, marking the most serious escalation in the region since the ceasefire took effect in early April.

Gold futures for August delivery down by $39.40 to 0.87% to settle at $ 4,466.90 an ounce on the Comex division of the New York Mercantile. However, spot gold rose by $ 29.25 or 0.66% to $4,464.06 an ounce.

  RELATED NEWS >>