Gold futures settled higher on Tuesday, whetted by the safe haven appeal of bullion due to intensified tensions in Middle East with the Israeli-Hamas war. Moreover, caution ahead to US PPI, and FOMC minutes also supported investment appeal of the yellow metal. The precious metal for the most active contract was near one-week high rate and has gained for the third straight session.
Gold futures for December delivery rose by $11 or 0.59% to settle at $1875.30 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $0.25 points 0.01% to 1,860.15 per ounce.