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08-Jan2019

Gold futures finish higher as dollar weakens

Gold futures finished higher on Monday, rebounding from last session's two week low level, as dollar eased with lesser chances for further interest rate hikes by US Central Bank. Moreover, global economic slowdown; and the release of weaker than expected U.S. ISM nonmanufacturing data lifted safe-haven bullion investments.

Gold futures for February delivery settled up 0.3 percent at $1,289.90 on the Comex division of the New York Mercantile. Spot gold was up 0.3 percent at $1,288.14 per ounce.


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