Gold futures ended higher on Thursday, as a Federal Reserve policy update that was read as mostly dovish by investors, helped to lift prices to their highest finish since mid-June. Though, some gains were capped as the dollar strengthened against a basket of major currencies after data showed shipments of key US-made capital goods increased in June for a fifth straight month.

Gold futures for August delivery gained $10.60, or 0.9 percent, to settle at $1,260 an ounce on the Comex division of the New York Mercantile. While, spot gold was flat at $1,260.86 an ounce.

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