Despite stronger dollar and Treasury bond yields, gold futures settled higher on Wednesday extending previous sessional gains ahead to the key US inflation data. The yellow metal buoyed on hedge investment appeal with the persisting global economic health concerns.
Gold futures for August climbed by 0.2% or $4.40 to settle at $1856.50 ounce on the Comex division of the New York Mercantile. While, spot gold up by 0.1% at $1,853.82 per ounce.