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Gold futures end sharply higher as bond yields, dollar eases

10 Mar 2021 Evaluate
Gold futures ended sharply higher on Tuesday, snapping four consecutive losses as the green back and the treasury yields held back in the session boosting yellow metal investments. Besides, some bargain hunting after previous sessions 10 month low level also supported the precious metal.

Gold futures for April delivery rose by 2.3% or $38.90 to settle at $1716.90 an ounce on the Comex division of the New York Mercantile. Spot gold increased by 1.5% to $1,706.01 per ounce.