Gold futures finished higher on Thursday, whetted by the bolstered expectations of Federal Reserve rate cuts and on boosted safe haven appeal amidst escalating risk of a broader conflict in the Middle East. Softer dollar and bond yield notes also encouraged yellow metal buying.
Gold futures for December delivery rose by $7.80 or 0.31% to $2,480.80 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $13.39 or 0.55% to settle at $2,459.65 an ounce.