Gold futures finished higher on Monday, extending winning streak to second consecutive session after nine straight sessional losses. The yellow metal rates buoyed with the weakness in dollar and on bargain hunting at prevailing levels. Moreover, caution ahead to Fed Chair Jerome Powell’s speech next week at Jackson Hole Symposium also added safe haven appeal of the bullion.
Gold futures for December delivery gained by $6.50 or 0.35% to settle at $1923 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.21 or 0.06% at $ 1,896.14 per ounce.