Gold futures finished sharply higher on Wednesday, as the rise in headline inflation figures geared up chances for 25 bps Federal Reserve rate cut next week. Additionally, yellow metal also got boosted with softer dollar and on easing measures by major central banks, including the BoC, ECB and SNB.
Gold futures for February delivery surged by $38.30 or 1.4% to settle at $2,756.70 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $7.36 or 0.27% to $2,710.87 an ounce.