Gold futures finish higher on softer dollar
Gold futures finished higher on Wednesday, whetted by the softness in dollar and on bets over potential interest rate hikes from the Federal Reserve. Besides, safe haven appeal amidst persistent uncertainty regarding the Strait of Hormuz fuelled the yellow metal rates.
Gold futures for June delivery up by $33.40 to 0.71% to $4,753.00 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $26.09 or 0.55% to $ 4,713.81 an ounce.
