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Gold futures finish higher as dollar slides

24 Sep 2024 Evaluate

Gold futures finished higher on Monday, kindled by the weakness in dollar and on prospects of less restrictive monetary policy by Federal Reserve. Further, escalated geopolitical tensions in the Middle East, also raised the bullion rates. 

Gold futures for December delivery up by $6.30 or 0.23% to $ 2,652.50 per ounce on the Comex division of the New York Mercantile. Spot gold rose by $4.67 or 0.18% to settle at $ 2,633.39 an ounce.