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Gold futures finish higher on Wednesday

31 Aug 2023 Evaluate

Gold futures finished higher on Wednesday, kindled by the safe haven appeal of the bullion after US Quarter GDP numbers came in less than expected. Besides, weaker dollar and dip in US Treasury bond yield notes also supported investment appeal of the yellow metal.

Gold futures for December delivery gained by $7.90 or 0.40% to 1973.00 ounce on the Comex division of the New York Mercantile. While, spot gold up by $3.46 or 0.18% at $1,945.78 per ounce.