Gold futures finished sharply higher on Tuesday, buoyed by the slide in dollar and 10 year Treasury bond yield notes. Moreover, Federal Reserve’s latest meeting minutes signalled a cautious approach to more interest rate hikes spurring optimism over end of monetary tightening cycle.
Gold futures for December delivery soared by $21.30 or 1.07% to $2001.60 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $1.27 points or 0.06% to $1,997.02 per ounce.