Gold futures end modestly higher on inflation fears on Thursday, though the yellow metal for the most active contract posts monthly dip of 3.4% and 0.8% fall for the quarter. The bullion got kindled in the session with the weaker greenback and a drab US employment data for the week.
Gold futures for December surge by $34.10 or 2% at $1,757.00 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 1.7% at $1,755.56 per ounce.