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Gold futures finish higher on softer dollar

15 Dec 2023 Evaluate

Gold futures finished higher on Thursday, as the softer dollar and dovish hints from Federal Reserve for next year boosted investment appeal of the bullion. The yellow metal for the most active contract posted near 10-day high rate in the session.

Gold futures for February delivery rose by $47.60 or 2.38% to $2044.90 per ounce on the Comex division of the New York Mercantile. However, spot gold dipped by $1.33 points or 0.07% to $2,035.03 per ounce.