Gold futures finished sharply higher on Tuesday, as the December Federal Reserve interest rate cut expectations bolstered after the release of weaker-than-expected US economic data. Softer dollar and trimmed bond yield note rates also kindled the yellow metal investments.
Gold futures for December delivery up by $45.80 or 1.12% to settle at $4,140.00 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $26.96 or 0.65% to settle at $ 4,157.65 an ounce.