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Gold futures finish higher ahead to US elections

30 Oct 2024 Evaluate
Gold futures finished higher on Tuesday, supported by the safe haven appeal of the bullion amidst intensifying geopolitical tensions in the Middle East and Ukraine, uncertainties surrounding US Presidential elections. Meanwhile, US JOLTS job openings data revealed that US job openings have dipped to its lowest level since 2021, opening more chances for Federal Reserve to slash interest rates to protect growth.

Gold futures for December delivery up by $25.20 or 0.91% to settle at $2,781.10 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.25 or 0.15% to $2,778.99 an ounce.