Gold futures finished higher on Wednesday, kindled by the softness in dollar and on dipping US Treasury bond yield notes followed by the recent strong US economic data. Moreover, concerns about a potential Iranian retaliatory strike against Israel, boosted safe haven appeal of the bullion.
Gold futures for December delivery rose by $12.70 or 0.50% to $2,492.40 per ounce on the Comex division of the New York Mercantile. However, spot gold dipped by $3.97 or 0.16% to settle at $2,452.82 an ounce.