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Gold futures finish higher on safe haven bets

19 Jan 2024 Evaluate
Gold futures finished higher on Thursday, kindled by the safe haven appeal of the bullion amid intensified Middle East tensions and on uncertainties over global economic health. Meanwhile, investors eyed for more cues on Federal Reserve’s interest rate cut plans. The yellow metal rebounded after two straight sessional losses in the session. 

Gold futures for February delivery rebounded by $15.10 or 0.75% to $2021.60 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.08 points or 0.05% to $2,022.26 ounce.