Gold futures finished higher on Friday, whetted by the softness in dollar and on dip in US Treasury bond yield notes after President Trump called for a reduction in interest rates at the World Economic Forum in Davos. The safe haven appeal of bullion amidst uncertainty over the impact of Trump’s proposed tariffs and immigration policies, also supported bullion investments. The yellow metal for the most active contract marked over 1% gain for the week.
Gold futures for February delivery up by $13.90 or 0.50% to $ 2,778.90 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $15.71 or 0.57% to $2,770.58 an ounce.