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Gold futures finish sharply higher on Wednesday

19 Oct 2023 Evaluate
Gold futures finished sharply higher on Wednesday, whetted by the safe haven bets in midst of escalating Middle-east tensions. The yellow metal for the most active contract posted its one-month peak rate despite strength in dollar and Bond yield notes.

Gold futures for December delivery up by $32.6 or 1.60% to settle at $1968.30 ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.44 points 0.07% to $1,946.11 per ounce.