Gold futures finished sharply higher on Tuesday, as the investment appeal of the bullion got supported by the sliding dollar and muted bond yield notes. June's lower-than-expected inflation boosted confidence in meeting the price growth target and reports that the central bank might not wait for inflation to hit 2% before starting rate cuts also kindled yellow metal rates.
Gold futures for August delivery up by $38.90 or 1.57% to $2,467.80 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.87 or 0.08 % to settle at $2,470.95 an ounce.