Skip to main content

MoneyWorks4Me

Gold futures settle higher on Thursday

15 Sep 2023 Evaluate
Gold futures settled higher on Thursday, rebounding from previous session’s three week low finish. Bullion investments got buoyed as slight rise in august inflation did little to support continued Fed interest rate hike. Additionally, weaker dollar and dip in US Treasury bond yield notes also lifted yellow metal investments.

Gold futures for December delivery rose by $0.3 or 0.01% to $1932.80 ounce on the Comex division of the New York Mercantile. While, spot gold jumped by $4.8 or 0.25% at $1,915.62 per ounce.