COMMODITY
Gold futures settle higher on Friday
Jun-22-2019

Gold futures settled higher on Friday, hovers near six year high level, with the continued bullish bets by the speculators taking positive cues from US Federal Reserve’s dovish stance on monetary policy. Furthermore, intensive safe haven buying amid escalated tensions between US and Iran.

Gold futures for August delivery settled 0.2% higher at $1,400.10 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.6% to $1,396.34 per ounce.

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