Gold futures finished sharply higher for fifth straight session on Thursday, registering the strongest since March 2020, kindled by the safe haven appeal of the bullion with the growing geopolitical uncertainties, and trade tensions. Moreover, expectations of monetary easing by the US Federal Reserve, and ongoing central bank buying also boosted yellow metal investments.
Gold futures for December delivery surged by $103.00 or 2.45% to settle at $4,304.60 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $32.83 or 0.75% to $4,359.41 an ounce.
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