Gold futures finished higher on Tuesday, after three consecutive day drop, with the safe haven appeal of the bullion ahead of US economic data. Optimism over Federal Reserve’s interest rate cut bolstered after Q2 GDP growth advance estimate is projected by street to jump by 2%, higher from Q1’s 1.4%, while the PCE price index is forecasted to advance by 0.1%, after remaining flat in May.
Gold futures for August delivery up by $12.6 or 0.52% to $2,407.30 per ounce on the Comex division of the New York Mercantile. Spot gold climbed by $ 7.01 or 0.29% to settle at $ 2,416.65 an ounce.