Gold futures finished higher on Friday, marking record high, buoyed by bets over potential interest rate cuts by the Federal Reserve after softer than expected US inflation data. Ongoing geopolitical tensions also spurred safe haven appeal of the bullion. The yellow metal for the most active contract marked gain of 1.36% gain for the week.
Gold futures for February delivery up by $22.80 or 0.52% to settle at $4,387.30 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $6.26 or 0.14% to $4,338.88 an ounce.
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