Gold futures settled higher on Monday kindled by the bargain buying at the prevailing lower rates and on safe haven buying. Moreover, investors seemed to have digested the US central bank’s mixed cues on policy tightening.
Gold futures for August rose 0.2% or $2.9 to settle at $1780.70 an ounce on the Comex division of the New York Mercantile. Spot gold gained 0.2% to $1,775.64 per ounce.