Gold futures settled higher on Thursday, kindled by the retreat in 10-year Treasury bond yield notes and on caution ahead to later today’s US PCE inflation report. Dimmer US corporate profit compared to the projections also lifted yellow metal’s safe haven appeal. However, some gains remained capped after US GDP grew more than estimates.
Gold futures for August delivery up by $2.40 or 0.10% to $2366.50 per ounce on the Comex division of the New York Mercantile. While, spot gold declined by $0.61 points or 0.03% to $2,342.46 an ounce.