Gold futures finished higher on Wednesday, after a sharpest climb in two week as the dollar and bond yields subdued after the US inflation reading came mostly as expected cutting down chances for a sudden interest rate hike by the US Federal Reserve, boosting the yellow metal investment appeal. Moreover, worries with the spiking Delta COVID-19 variant infections of corona virus around the world also lifted the safe haven bullion buying.
Gold futures for December rose 1.2% or $21.6 to settle at $1,753.30 ounce on the Comex division of the New York Mercantile. While, spot gold higher by 1.4% to $1,752.46 per ounce.