Gold futures finished higher on Wednesday, kindled by the safe haven appeal of the bullion amidst persistent economic concerns, including geopolitical risks and central bank buying. Additionally, previous session’s significant drop of about 1.5% buoyed a technical rebound. Meanwhile investore closely eyed this week’s US PCE data release.
Gold futures for April delivery up by $11.80 or 0.04% to $2,930.60 ounce on the Comex division of the New York Mercantile. While, spot gold down by $10.58 or 0.35% to settle at $2,905.81 an ounce.