Gold futures finish tad higher on Monday, as safe haven appeal of bullion got boosted ahead of US inflation data and the Federal Reserve's policy decision due on Wednesday. Softer US Treasury bond yield notes also kindled precious metal buying. Although, the yellow metal for the most active contract rebounded from previous session’s three and a half year low hit, the gains remained trimmed amidst curtailed hopes of Fed interest rate trims earlier this year.
Gold futures for August delivery rose by $2 or 0.08% to settle at $2,327 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $8.95 or 0.39% to $ 2,301.93 an ounce.