Gold futures finished slightly higher on Thursday, kindled by the investment appeal as the headwinds dollar and US Treasury bond yields extended their losing streak. Additionally, slower than expected inflation figures dimmed chances for extended tightening cycle of Federal Reserve monetary policy. The yellow metal for the most active contract registered one month high settlement as it gained for the third consecutive session.
Gold futures for August delivery jumped by $2.10 or 0.1% to settle at $1963.80 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.97 or 0.10% at $1,962.48 per ounce.