Wednesday, 12 November 2014

Gold futures edge higher on rising physical demand

Gold futures edged higher on Tuesday on account of a double shot of rising physical demand and a weaker dollar. The sentiments improved further on declining global equity markets even as concerns the Federal Reserve may raise interest rates ahead of schedule next year continued to persist.
Gold futures for December delivery settled up $3.20 at $1,163 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold rose 1.7 percent at $1,169.95 an ounce.

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