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Gold futures settle higher on Monday

23 Feb 2021 Evaluate
Gold futures settled near one week higher level on Monday, as the risk aversion and hedge appeal of the bullion amid concerns over rising inflation, highly volatile stock market and lower bond yields lifted the yellow metal investments over $ 1,800 key level.

Gold futures for April delivery rose by $31 or 1.7% to settle at $1,808.40 an ounce on the Comex division of the New York Mercantile. Spot gold was up 1.5% at $1,808.16per ounce.