Gold futures finished higher after three consecutive losses on Wednesday, kindled by the easing dollar ahead to Fed interest rate halt for the first time in more than a year. Some gains were capped after Fed pointed to more rate hikes this year and as safe haven appeal dulled after US wholesale prices dipped in May, signalling abate in inflation.
Gold futures for August delivery rose by $10.30 or 0.52% to settle at $1968.90 ounce on the Comex division of the New York Mercantile. While, spot gold down by $ 7.14 or 0.37% to $ 1,935.38 per ounce.