Gold futures finished higher on Wednesday, near record highs, as November’s four year high unemployment rate spurred expectations of further US interest rate cuts. Besides, softer bond yield notes and safe haven appeal amidst ongoing geopolitical risks also kindled the yellow metal investments.
Gold futures for February delivery up by $41.60 or 0.96% to settle at $4,373.90 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $7.21 or 0.16% to $4,331.12 an ounce.
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