Stock advisory Company | Gold futures end higher on Wednesday
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Gold futures ended higher on Wednesday, touching a two-week high as US data witnessed solid home sales but a dip in mortgage applications pushed the dollar to a two-week low. However, a rise in US bond yields and Congress passing a biggest tax overhaul restricted further gains in the bullion rates.
Gold futures for February delivery rose by 0.4 percent at $1,269.60 per ounce on the Comex division of the New York Mercantile. While spot gold was up by 0.3 percent at $1,265.26 per ounce.
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