Gold futures finished higher on Monday, kindled by the expectations that Fed will announce third consecutive rate cut in its upcoming two day meeting. Moreover, softer dollar and diminished bond yield notes also boosted yellow metal investments. Albeit some gains remained trimmed over uncertainty about pace in Fed interest rate cuts in the year 2025.
Gold futures for February delivery up by $5.80 or 0.22% to $2,670.00 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.45 or 0.05% to $2,654.17 an ounce.