Posting above the key benchmark $1800 gold futures finished higher on Thursday, kindled by the safe haven appeal of the bullion followed by the slowing US economic growth report and on outlook that Federal Reserve might not raise interest rates quickly. Further, the softer dollar which fell about 0.6% also supported greenback denominated yellow metal. Meanwhile, market awaited for US Federal Reserve’s meeting on November 2-3, to glean insights on the possible timing and scope of Fed 's roll back of accommodations.
Gold futures for December rose by 0.2% or $3.8 to settle at $1,802.60 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.2% at $1,796.55 per ounce.