Gold futures finished higher on Thursday, boosted by the weakness in dollar ahead of US non-farm payrolls data due later in the day. Intensified expectations that the Federal Reserve might at least slash rates twice this year also bolstered investment appeal of the bullion. Meanwhile, the ECB reduced interest rates as expected on Thursday.
Gold futures for August delivery up by $43.50 or 1.81% to $2,390.90 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $5.70 or 0.24% to $2,381.76 an ounce.