Gold futures finished higher on Wednesday, kindled by the safe haven appeal amidst concerns over Fed independence, ongoing conflict between the US and Venezuela and civil unrest in Iran. Additionally, weaker dollar driven by softer-than-expected US inflation data also buoyed the yellow metal rates.
Gold futures for February delivery up by $36.60 or 0.8% to settle at $4,635.70 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $ 32.28 or 0.71% to $ 4,594.30 an ounce