Gold Futures End Higher On Tuesday

Gold futures ended higher on Tuesday after US economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months. Investors are also looking ahead to the US non-farm payrolls data later this week and how that will affect the dollar. Gold futures for August delivery gained 0.5 percent, to settle at $1,279.40 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.3 percent at $1,273.26 an ounce.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.