Gold futures finished higher on Wednesday, as dollar retreated with the woes that surging Omicron Virus infections and increasing restrictions in the economy would saddle the global economic recovery. Further, weakness in the US Treasury Yield Bonds also lifted the investment appeal of the bullion. Yellow metal held back above $1,800 in the penultimate session before a holiday break. Many global markets will be closed on Friday in observance of Christmas.
Gold futures for February rose by 0.8% or $13.50 to settle at $1802.20 an ounce on the Comex division of the New York Mercantile. While, spot gold climbed by 0.7% to $1,801.24 per ounce.