Gold futures finished higher on Monday, kindled by the softness in dollar and on technical buying after last week’s fall. Moreover, accelerated bets that ending of interest rate tightening cycle by major central banks is nearing also supported the yellow metal rates further.
Gold futures for August delivery rose by $9.30 or 0.38% settle at $2009.20 ounce on the Comex division of the New York Mercantile. However, spot gold diminished by $2.53 or 0.13% at $1,962.56 per ounce.