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Gold futures finish higher on Monday

01 Feb 2022 Evaluate
Despite a monthly dip of 2% for the month of January, Gold futures finished higher on Monday, mainly by the technical buying after the yellow metal hits 6 week low rate. meanwhile, Federal Reserve’s move to lift interest rates by March and to wind up bond purchasing program had spooked yellow metal.

Gold futures for April climbed by 0.6% to settle at $1,796.40 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.4% at $1,797.79 per ounce.