27 May 2017

Gold Futures End Higher On Friday

Gold futures ended higher on Friday, as political uncertainty led investors to favor bullion over assets considered riskier such as stocks. Meanwhile, market participants were looking ahead to US data on durable goods orders, first-quarter economic growth and consumer sentiment due later in the day. Gold futures for June delivery gained $11.70 or 0.9 percent, to settle at $1,268.10 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 1.1 percent at $1,268.69 an ounce.

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