Extending winning streak to fourth consecutive trading session, gold futures settled at a four month high rate on Tuesday. Bullish trend of the yellow metal continued as the market participants eyed on the monetary policy stance of US Federal Reserve with the last meeting’s minutes is due today. Inflation worries and weaker dollar buoyed the precious metal.
Gold futures for June edged up by 40 cents or 0.02% at $1,868.00 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.1% to $1,868.57 per ounce.