Gold futures finished higher for eighth straight session on Thursday, kindled by the safe haven appeal with the tensions continued to escalate in the Middle East, as Israel expanded its Gaza offensive, Hamas struck Tel Aviv, and the US continued airstrikes on Houthi targets in Yemen. Additionally, dovish signals from Federal Reserve, US tariff related trade tensions and softer dollar also supported the yellow metal investments.
Gold futures for December up by $2.60 or 0.08% to settle at $3,043.80 ounce on the Comex division of the New York Mercantile. While, spot gold declined by $14.25 or 0.47% or $3,030.65 per ounce.