COMMODITY
Gold futures finish sharply higher on safe haven appeal
Feb-07-2026

Gold futures finished sharply higher on Friday, as the safe haven appeal of the bullion spurred amidst signs of cooling US economy with weaker labor market, reduced consumer spending, and slowing job creation. Moreover, lingering geopolitical uncertainty, softer dollar and reduced bond yield notes also boosted precious metal investments. The yellow metal for the most active contract marked 5% gain for the week.

Gold futures for February delivery soared by $90.30 or 1.85% to settle at $4,979.80 an ounce on the Comex division of the New York Mercantile. While, spot gold surged by $185.31 or 3.88% to $4,964.36 an ounce.

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