Gold futures finished slightly higher on Wednesday, pared its gains after US Federal Reserve signalled trimming its bond purchase programme by middle of the year. A rate hike with the roll out of Fed accommodations trimmed buying of the non-yielding yellow metal. Bullion gains also got limited as greenback got stronger against its rivals making the dollar denominated bullion expensive for third currency holders.
Gold futures for December rose by 60 cents or 0.03% to settle at $1778.80 an ounce on the Comex division of the New York Mercantile. While, spot gold was up by 0.4% to $1,767.38 per ounce.