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Gold futures settle higher on safe haven appeal

25 Sep 2021 Evaluate
Gold futures settled higher on Friday, marking slight gain of 30 cents compared to the previous week settlement for the most-active contract. The yellow metal gained momentum with the safe haven investments as the debt woes of real estate giant Evergrande extended beyond China.

Gold futures for December rose by $1.90 or 0.1% to settle at $1751.70 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.9% to $1,751.56 per ounce.