Gold futures finished sharply higher on Tuesday, as the political uncertainty with new US-EU trade threats boosted safe haven appeal of the bullion. Meanwhile, weaker dollar, consistent central bank buying and persistent inflation pressure also buoyed the bullish trend.
Gold futures for February delivery up by $170.40 or 3.7% to $4,765.80 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $98.84 or 2.08% to $4,862.27 an ounce.