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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