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Gold futures finish near seven-month high on Tuesday

29 Nov 2023 Evaluate

Gold futures finished near seven-month high on Tuesday, kindled by the safe haven appeal of the bullion amidst inflation concerns and on subdued dollar against its peers. Expectations over dovish measures by Federal Reserve also lifted yellow metal investments.

Gold futures for December delivery rose by $27.6 or 1.37% to $2040.00 ounce on the Comex division of the New York Mercantile. Spot gold up by $0.86 points or 0.04% to $2,014.99 per ounce.