Gold futures finished higher on Monday, boosted by the strong expectations of US interest rate cuts this year and escalating geopolitical tensions in the Middle East. Moreover, weaker dollar and sliding bonds also supported yellow metal rates.
Gold futures for December delivery up by $7.70 or 0.30% to settle at $ 2,555.20 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $12.80 or 0.50% to settle at $ 2,542.40 an ounce.