Gold futures finished higher on Tuesday, kindled by the weakness in dollar and as market projects 73% chances for 25bps Fed interest rate cut by December. The bullion also got bolstered with the safe haven appeal amidst political uncertainties in South Korea and France, as well as ongoing geopolitical tensions in the Middle East and the Russo-Ukrainian war. However, some gains pared after latest US job openings jumped higher than expected, as it indicated continued resilience in the job market.
Gold futures for December up by $9.40 or 0.35% to $2,667.90 ounce on the Comex division of the New York Mercantile. While, spot gold added by $2.26 or 0.09% to $2,645.75 per ounce.