Gold futures finished higher on Tuesday, kindled by the safe haven appeal of the bullion with the fears over Sino-US trade conflicts and its impact on global growth. China announced retaliatory tariffs on US energy goods, to be effective from next week after the US levied 10% tariff on all imports from China this week. Softer dollar and dip in bond yield notes also supported the yellow metal rates.
Gold futures for February delivery up by $18.70 or 0.65% to $2,875.80 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $10.72 or 0.38% to $2,853.43 an ounce.