Gold futures finished higher on Monday, marking a six-week peak, after US manufacturing sector contracted for the ninth consecutive month in November, and intensified hopes over Fed interest rate cut next week. Softer dollar and weaker bond yield notes also kindled the yellow metal rates.
Gold futures for December delivery rose by $19.90 or 0.46% to settle at $4,274.80 an ounce on the Comex division of the New York Mercantile. However, spot gold down by $13.14 or 0.31% to $4,219.07 an ounce.
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