Gold futures ended higher on Wednesday, snapping four straight session losses and buoyed by the peaked US jobless claims and a considerable decline in the consumer spending in November. Moreover, the yellow metal got lifted with the safe haven appeal amid fears over a new coronavirus variant in the United Kingdom.
Gold futures for February delivery was up by $7.80 or 0.4% at $1,878.10 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.2% to $1,875.61 per ounce.