Gold futures settled higher on Wednesday, as the investment appeal of the bullion got supported by the dipping headwinds dollar and Treasury bond yields. Softer dollar makes the greenback denominated bullion cheaper for third currency holders. The yellow metal for the most active contract finished at its highest rate in two weeks.
Gold futures for December up by $11.20 or 0.7% to settle at $1669.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $0.3 or 0.02% or $1,664.27 per ounce.