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Gold futures finish higher on slide in bonds

25 Oct 2024 Evaluate
Gold futures finished higher on Thursday, kindled by the weakness in bond yield notes and on lower interest rates by major central banks. Moreover, safe haven appeal of the bullion also got boosted amidst lingering Middle East geopolitical tensions and concerns over a broader conflict, along with uncertainties surrounding the US election.

Gold futures for December delivery up by $19.50 or 0.71% to settle at $2,748.90 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $10.21 or 0.37% to settle at $2,725.96 an ounce.