COMMODITY
Gold futures end higher on Thursday
Apr-19-2024

Gold futures ended higher on Thursday due to persisting worries about geopolitical tensions. In addition to rising geopolitical tensions in the Middle East, reports about strong central bank purchases aided gold's upward move. After Fed Chair Jerome Powell's remarks that signaled possible delays in interest rate cuts by the central bank, traders now expect just one or two rate cuts this year.

Gold futures for June delivery rose by $9.60 or 0.40% to $2,398.00 per ounce on the Comex division of the New York Mercantile. Spot gold surged by $8.10 points or 0.31% to $2,405.70 an ounce.

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