Gold futures finished higher on Thursday, kindled by the safe haven appeal of the bullion with the intensified geopolitical tensions in Europe and Middle East as well as Sino-US chip tensions. Moreover, caution ahead to later today’s key US inflation data to seek cues on the Federal Reserve’s policy outlook also supported hedge appeal of the precious metal.
Gold futures for August delivery up by $23.40 or 1% to settle at $2,336.60 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $7.77 or 0.33% to $2,319.96 an ounce.