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Gold futures finish higher on Thursday

02 Aug 2024 Evaluate
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.