Gold futures finished sharply higher on Friday, marking record high after less restrictive monetary policy stance by Federal Reserve. Moreover, rise in safe haven appeal of the bullion amidst intensifying geopolitical tensions in the Middle East, as Israel advances toward the Lebanon border also supported the bullion investments. The yellow metal for the most active contract marked 2.5% gain for the week
Gold futures for December delivery surged by $ 31.60 or 1.21% to settle at $ 2,646.20 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $35.14 or 1.36% to settle at $ 2,621.88 an ounce.