Gold futures finished higher on Tuesday, kindled by the risk aversion in the market ahead to the release of July US CPI data and on intensified bets over Federal Reserve interest rate cuts. Moreover, weakness in dollar against its peers and on sluggish US Treasury bond yield notes also supported yellow metal investments.
Gold futures for August delivery up by $4.40 or 1.85% to $2,367.90 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.47 or 0.19% to$2,368.56 an ounce.