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Gold futures settle higher on weak dollar

20 Mar 2021 Evaluate
Gold futures settled higher on Friday, whetted by weaker dollar and dip in government bond yields and on inflation hedge appeal of the bullion. The yellow metal for the most active contract marked gain of 1.3% for the week.

Gold futures for April was up by 0.5% or $9.2 to settle at $1,741.70 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.3% to $1,742.14 per ounce.