COMMODITY
Gold futures finish sharply lower on Wednesday
Apr-24-2025
Gold futures finished sharply lower on Wednesday, as the safe haven appeal of the bullion dulled after positive developments regarding tariffs with China and as President Trump indicated that he would not fire the Federal Reserve chief. Trade tensions also eased on the news that Trump plans to exempt carmakers from certain tariffs after weeks of intense lobbying by industry executives. Additionally, rebound in dollar and technical correction after the yellow metal notched about 30% rise since the start of the year, also saddled the precious metal rates. 

Gold futures for June delivery down by $125.30 or 3.66% to settle at $3,294.10 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $38.95 or 1.18% to $ 3,327.29 an ounce.

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