Gold futures finished higher on Thursday, kindled by the prospects of less- restrictive Fed monetary policy and on caution ahead to key US PCE numbers. As per reports, market projects 49% chance of another 50 bps reduction by November. Meanwhile, US GDP growth was confirmed at an annualized 3% for Q2, with jobless claims unexpectedly declining and durable goods orders holding steady.
Gold futures for December delivery up by $10.20 or 0.37% to $2,694.90 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.52or 0.09% to settle at $ 2,669.86 an ounce.