Gold futures finish higher on Tuesday, rebounding to a week high rate as the inflation hedge appeal of the bullion worked well as the new economic stimulus measures by United States is in progress. Federal Reserve policy decision which is ought to happen soon in the day, is expected to keep interest rates pinned near zero and signal where rates are headed in the coming years, also lifted the yellow metal buying.
Gold futures for February delivery rose by 0.30% or $23.20 to settle at $ 1855.30 an ounce on the Comex division of the New York Mercantile. Spot gold was higher by 0.1% at $1,855.71 per ounce.