Gold futures finished higher for third straight session on Tuesday, kindled by the softness of dollar and weaker 10-year Treasury bond yield notes. Moreover, safe haven appeal of the bullion also got boosted amid caution ahead of Federal Reserve’s policy meeting minutes and pivotal inflation data due later in the day. Meanwhile, the Bank of America projected the precious metal growth to a high about $3,000 per ounce by the year 2025 also encouraged investments.
Gold futures for June delivery trade higher by $11.4 or 0.48% to $2362.40 per ounce on the Comex division of the New York Mercantile. While, spot gold increased by $0.53 points or 0.02% to $2,353.31 an ounce.