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Gold futures finish higher despite robust US jobs data

05 Feb 2022 Evaluate
Gold futures finished higher on Friday, supported by the safe haven appeal of the bullion amid accelerating geo-political tensions in Ukraine, surging inflation and looming rampant spread of covid cases. Even though, firmer dollar and US bonds followed by a robust US jobs data limited some gains in the precious metal. The yellow metal for the most active contract registered 0.8% gain for the week.
 
Gold futures for December climbed by 0.2% to settle at $1,807.80 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.1% to $1,805.95per ounce.