Gold futures settled slightly higher on Tuesday, whetted by the bets on interest rate cuts from major central banks this year. Safe haven appeal amidst global economic health concerns and heightened geopolitical tensions in the Middle East. However, rebound in dollar and Treasury bond yield notes capped some gains in the session.
Gold futures for February delivery rose by $1.60 or 0.07% to $2073.40 per ounce on the Comex division of the New York Mercantile. While, spot gold widened by $ 5.90 points or 0.29% to $ 2,064.86 ounce.