Gold futures ended higher on Friday, as the safe haven investment appeal of the bullion got bolstered with the lower interest prospects, and on rising corona virus cases. Inflation worries also lifted the bullion. While, firmer dollar and rising bond yields kept a lid on the gains. The yellow metal for the most active contract recorded the first weekly dip in three weeks, down by 0.5%.
Gold futures for April rose by $7.20 or 0.4% to settle at $1,732.30 an ounce on the Comex division of the New York Mercantile. Spot gold lifted by 0.3% to $1,732.11 per ounce.