Gold futures finished near two month high on Wednesday, whetted by the safe haven bets counting on economic woes with the soaring inflationary pressure and rampant spread of coronavirus Omicron. Besides, slide in dollar value and easing US Treasury bond yields also buoyed the yellow metal rates, to post first gain in four sessions.
Gold futures for February surge by 1.7% or $30.80, to settle at $1843.20 an ounce on the Comex division of the New York Mercantile. While, spot gold peaked by 1.5%, to $1,840.91 per ounce.