Gold futures finish higher on Friday; mark fourth straight monthly gain
Gold futures finished higher on Friday, near one-month high and registered fourth straight monthly gain. The intensified bets over December Fed rate cut after preferred inflation gauge, dipped to 2.9% year-over-year For October kindled the investment appeal of the bullion. Softer dollar and robust central bank buying also buoyed the precious metal rates.
Gold futures for December delivery rose by $52.60 or 1.25% to settle at $ 4,254.90 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 81.83 or 1.97% to $ 4,239.44 an ounce.
