Gold futures finished higher on Wednesday, after the Federal Reserve's decision of trimming interest rate by 50 bps to address softening inflation and a potential slowdown in the labor market. The yellow metal investments also got kindled on softer dollar and weak bond yields.
Gold futures for December delivery rose $6.20 or 0.23% to settle at $2,598.60 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $3.67 or 0.14% to settle at $2,562.58 an ounce.