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Gold futures finish higher on safe-haven appeal

31 Oct 2024 Evaluate
Gold futures finished higher on Wednesday, kindled by the safe haven appeal of the bullion amidst intensifying geopolitical tensions in the Middle East and uncertainties surrounding US Presidential elections. Meanwhile, GDP growth of US for third quarter marked 2.8%, slightly below the 3% expectation and raised expectations for further monetary easing from the Federal Reserve at its upcoming meeting, buoying investment appeal of the yellow metal. 

Gold futures for December delivery up by $19.70 or 0.70% to settle at $2,800.80 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $3.36 or 0.12% to $2,784.25 an ounce.