Gold futures finished higher on Wednesday, as the investment appeal of the bullion got saddled after US Federal Reserve’s affirmed its plans to halt the crisis-driven asset purchases by March 2022. The Central bank hints three interest-rate hikes next year to help counter the threat of persistently high inflation whetting risk appetite in the maket and dulling safe haven appeal of the bullion.
Gold futures for February declined by 0.4% or $7.80 to settle at $1764.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was climbed by 0.4% at $1,777.82 per ounce.