Gold futures finish higher on Fed rate cut bets
Gold futures finished higher on Wednesday, marking near a two-week high level, with the intensified bets on Federal Reserve interest rate cut next month. Besides, weaker dollar and decreasing bond yield note rates also kindled the yellow metal investments.
Gold futures for December delivery rose by $25.20 or 0.60% to settle at $4,165.20 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $10.13 or 0.25% to $4,152.09 an ounce.
