Gold futures finished higher on Thursday, as the weaker dollar and dulled bond yield notes boosted the investment appeal of the bullion. Moreover, recent market projections pointing chances of Fed interest rate cut nearly by 105 basis points, and risks of escalation in the Middle East conflict enhanced the appeal of precious metals.
Gold futures for December delivery up by $30.90 or 1.25% to $2,463.30 per ounce on the Comex division of the New York Mercantile. While, spot gold dips by $6.07 or 0.25% to settle at $2,421.46 an ounce.