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15-Sep2016

Gold futures end higher on weaker dollar

Gold futures ended higher on Wednesday as the dollar slipped against a basket of currencies and diminished expectations for an interest-rate increase at the Federal Reserve's policy meeting this month. The Fed's two-day meeting is scheduled to start at September 20. Though, some gains were capped ahead of a closely-watched US August retail sales report on Thursday.

Gold futures for December delivery gained $2.40 or 0.2 percent to settle at $1,326.10 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 0.4 percent to $1,323.50 an ounce.

 


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