Gold futures finished sharply higher on Monday, kindled by hopes over more interest rate cuts from the Federal Reserve this year. Additionally, strong ETF inflows, a weaker dollar, hotter inflation data, and escalating geopolitical tensions also buoyed yellow metal investments.
Gold futures for December delivery up by $69.30 or 1.87% to $3,775.10 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.99 or 0.05% to $3,744.71 an ounce.