COMMODITY
Gold futures finish sharply higher on weaker dollar
Jan-29-2025

Gold futures finished sharply higher on Tuesday on weaker dollar and dip in bond yield notes. Moreover, boosted safe haven appeal of the bullion amidst ongoing Federal Reserve’s first policy meeting and the looming uncertainty over US tariffs spurred yellow metal rates.

Gold futures for February delivery soared by $29.10 or 1.05% to settle at $2,767.50 ounce on the Comex division of the New York Mercantile. Spot gold rose by $0.99 or 0.04% to $2,762.52 an ounce.


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