COMMODITY
Gold futures finish tad higher on softer dollar
Mar-06-2025
Gold futures finished higher on Wednesday, boosted by the softness in dollar and on safe-haven demand amid US trade policy uncertainties. Moreover, prospects of further Fed interest rate cut after recent US private sector job growth dipped a seven-month low, also added investment appeal for the yellow metal. Meanwhile, participants closely eyed on the non-farm payrolls report for clues on the Federal Reserve’s policy direction.

Gold futures for April delivery rose by $5.40 or 0.18% to settle at $ 2,926.00 ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.85 or 0.06% to settle at $ 2,917.54 an ounce.

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