COMMODITY
Gold futures advance in early deals of Thursday
Dec-26-2024
Gold futures advanced in early deals of Thursday albeit thin holiday trade, as the investment appeal of the bullion got kindled with the softer-than-expected PCE inflation data, and possibility of more Fed interest rate cuts. Additionally, heightened geopolitical tensions, and increased central bank purchases also supported the yellow metal rates. 

Gold futures for February delivery up by $8.30 or 0.31% to settle at $2,643.80 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $ 11.17 or 0.43% to settle at $ 2,628.04 an ounce.

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