Gold futures finished sharply higher on Monday, registering record high extending winning streak to third consecutive session with the softer dollar and sliding bond yield notes. Additionally, safe-haven assets amid mounting concerns over a looming US government shutdown and expectations of further Federal Reserve rate cuts also buoyed the yellow metal rates.
Gold futures for December delivery surge by $46.20 or 1.21% to $3,855.20 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $31.47 or 0.82% to $3,865.02 an ounce.