Gold futures finished higher for fourth straight session on Friday, kindled by the weakness in dollar and bond yield notes. Meanwhile, rise in safe haven appeal of the bullion amidst escalated Israel-Gaza war and hopes of halt in Fed interest rate hikes lifted the yellow metal rates to three-month high finish. The yellow metal for the most active contract marked 2.7% gain for the week.
Gold futures for December delivery up by $13.90 or 0.70% to settle at $1994.40 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $6.94 points 0.35% to $1,981.40 per ounce.