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Gold futures end modestly higher on inflation fears

01 Oct 2021 Evaluate
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.