Gold futures on the COMEX division of the New York Mercantile Exchange settled higher on Wednesday, with the U.S. dollar softening as lawmakers approved a sweeping tax overhaul.
The most active gold contract for February delivery added 5.4 dollars, or 0.43 percent, to close at 1269.60 dollars per ounce.
The U.S. dollar index slipped 0.2 percent to 93.289 as of 1930 GMT. A weaker dollar boosts gold as the falling currency makes the dollar-priced bullion more attractive to investors using another currency.
As for other precious metals, silver for March delivery added 12.2 cents, or 0.76 percent, to settle at 16.275 dollars per ounce. Platinum for January rose 7.4 dollars, or 0.81 percent, to close at 921.5 dollars per ounce.
The most active gold contract for February delivery added 5.4 dollars, or 0.43 percent, to close at 1269.60 dollars per ounce.
The U.S. dollar index slipped 0.2 percent to 93.289 as of 1930 GMT. A weaker dollar boosts gold as the falling currency makes the dollar-priced bullion more attractive to investors using another currency.
As for other precious metals, silver for March delivery added 12.2 cents, or 0.76 percent, to settle at 16.275 dollars per ounce. Platinum for January rose 7.4 dollars, or 0.81 percent, to close at 921.5 dollars per ounce.
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