COMMODITY
Gold futures finish higher on Tuesday
Mar-05-2025
Gold futures finished higher on Tuesday, as the implementation of US tariffs spurred safe haven appeal of the bullion. Trump's 25% levies on Mexican and Canadian imports took effect on Tuesday, along with the hike in Chinese duties to 20%, escalating trade tensions and prompting retaliation. Meanwhile, markets await the ISM Services PMI and US jobs report for insights into Federal Reserve policy.

Gold futures for April delivery rose by $19.50 or 0.67% to settle at $2,920.60 ounce on the Comex division of the New York Mercantile. While, spot gold down by $5.70 or 0.20% to settle at $2,912.19 an ounce.
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