Gold futures finished near six-week high rate on Tuesday, kindled by the weakness in dollar and dipping US Treasury bond yield notes. Moreover, better than expected inflation figures from European and Canadian central banks also spurred chances of ending monetary policy tightening cycle by global central banks, lifting investment appeal of the bullion.
Gold futures for August delivery rose by $24.40 or 1.20% to settle at $1980.80 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $ 3.05 or 0.15% at $ 1,976.14 per ounce.