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Gold futures recoup some of last week’s losses

Clyde Edgerton by Clyde Edgerton
June 26, 2023
in Markets
Gold futures recoup some of last week’s losses
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Gold futures finished higher on Monday, recouping just a portion of last week’s more than 2% loss. The precious metal found support in the wake of brief rebellion in Russia that raised haven demand for gold, as well as weakness in the U.S. dollar and Treasury bonds, analysts said. Gold for August delivery
GCQ23,
+0.19%
climbed by$4.20, or 0.2%, to settle at $1,933.80 an ounce on Comex.

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