Gold futures finished higher for the fifth straight session on Wednesday, whetted by the safe haven appeal of the bullion amid sharp correction in bitcoin and cryptocurrencies. Uncertainty in global economic rebound period, inflation fears and a weaker green back supported bullion investments. Federal Reserve’s April meeting minutes came out after gold settlement.
Gold futures for June edged up by $13.50 or 0.70% to $1,881.50 an ounce on the Comex division of the New York Mercantile. Spot gold down by 0.1% to $1,866.64 per ounce