Home / Market Update / Commodities / Gold Rises as Dollar Falls on Deteriorating Consumer Confidence

Gold Rises as Dollar Falls on Deteriorating Consumer Confidence

Gold prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) against major currencies, and with stock markets showing a mixed performance.

In addition, a slight decline in U.S. consumer confidence provides support for safe haven assets, including the yellow metal.

Gold futures for June delivery increased by $13.50, or 0.7%, to close at $1,898 per ounce.

The gold’s most active contracts failed to restore the $1,900 level.

Check Also

Energy Market Story: Crude Retreats as Profit-Taking Caps Trade-Driven Surge

The energy market on Tuesday, June 10, 2025, saw West Texas Intermediate (WTI) crude oil …