Gold futures finished sharply higher on Monday, marking a record high kindled by the safe haven appeal of the bullion amidst economic uncertainties and expectations of further US rate cuts. Additionally, strong central bank purchases, increased ETF inflows, and broad dollar weakness also buoyed the yellow metal investments.
Gold futures for December delivery up by $67.40 or 1.72% to $3,976.30 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $13.84 or 0.35% to $3,974.82 an ounce.