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Gold futures finish higher after inflation data

01 Mar 2024 Evaluate
Gold futures finished higher on Thursday, kindled by the weakness in dollar and falling US Treasury bond yield notes. Investment appeal of the bullion also got boosted after the key inflation measures rose by 0.4% for January, as expected supporting bets on the first Fed rate cut by month of June.

Gold futures for April delivery up by $12.00 or 0.58% to $2054.70 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $2.10 points or 0.10% to $2,046.40 ounce.