Gold futures finished higher on Thursday, supported by the weakness in dollar and on dip in US Treasury bond yield notes. Moreover, safe haven appeal of the bullion amidst intensifying Middle East geopolitical tensions, underwhelming fiscal measures in China for the ongoing property crisis, uncertainties surrounding the US presidential election and expectations of further interest rate cuts from major central banks also boosted yellow metal rates.
Gold futures for December delivery higher by $16.20 or 0.60% to settle at $2,707.50 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $17.16 or 0.64% to $2,709.87 an ounce.