Gold futures finished higher for the fourth straight session on Wednesday, kindled by the dwindling in dollar. Moreover, safe haven appeal of the bullion amid global recession fears followed by slower than expected US manufacturing data for December and Federal Reserve’s reaffirmation on continued interest rate hikes.
Gold futures for February rose by $12.90 or 0.7% to settle at $1859.00 ounce on the Comex division of the New York Mercantile. Spot gold down by 0.17% or $3.17 to $1,851.39 per ounce.