Gold Futures End Higher On Wednesday - Nifty Future Tips

Gold futures ended higher on Wednesday as the US dollar came off its lows on strong data from the US service sector index. According to a report released by payroll processor ADP, Employment in the US private sector climbed by slightly more than anticipated in the month of September. ADP said private sector employment rose by 135,000 jobs in September after surging up by a revised 228,000 jobs in August. 

Meanwhile, the Institute for Supply Management revealed a report that the activity in the US service sector grew at a notably faster rate in the month of September. The ISM said its non-manufacturing index jumped to 59.8 in September from 55.3 in August, with a reading above 50 indicating growth in the service sector.

Gold futures for December delivery gained $2.20, or 0.2 percent, to settle at $1,276.80 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.2 percent at $1,274.41 an ounce.

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