COMMODITY
Gold futures settle lower on profit booking
Jun-17-2025

Gold futures settled lower around a percent on Monday, on account of profit-booking after the yellow metal rates rallied recently on safe-haven appeal amidst escalating tensions between Israel and Iran. Meanwhile, the investors are focused on developments around US trade policies and US Federal Reserve’s announcement regarding the rate cute.

Gold futures for August delivery down by $35.50 or 1.00% to settle at $3,417.30 an ounce on the Comex division of the New York Mercantile. However, spot gold up by $5.70 or 0.17% to $ 3,390.93 an ounce.


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