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Gold futures finish higher ahead to Fed minutes

24 Nov 2022 Evaluate
Gold futures finished higher on Wednesday, kindled by the weakness in dollar ahead to the release of minutes from the Federal Reserve's most recent policy meeting. Moreover, safe haven appeal of the bullion got lifted after sluggish than expected US economic data spurring recession risks.

Gold futures for December climbed by $5.70 to settle at $1,770.90 ounce on the Comex division of the New York Mercantile. Spot gold rose by $7.04 or 0.40% or $1,756.72 per ounce.