Gold futures finished higher on Wednesday, kindled by the safe haven appeal of the bullion amid US default woes. Even though, the yellow metal registered monthly loss of 1.8% pressured by the overall decline in the greenback, and on optimism that lift in debt ceiling would avert catastrophic US default.
Gold futures for August delivery added by $50 or 0.3% to settle at $1982.10 ounce on the Comex division of the New York Mercantile. While, spot gold up by $1.06 or 0.05% to $ 1,963.79 per ounce.