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Gold futures finish near one week high on geopolitical tensions

08 Feb 2022 Evaluate
Gold futures finished near one week high level on Monday, as the bullion investments got buoyed with the accelerated geo-political tensions and on lingering inflationary tensions. Meanwhile, market participants are keenly awaiting for the US inflation data due on Tuesday to gauge on the interest rate hike by US Federal Reserve.

Gold futures for April climbed by 0.8% to settle at $1,821.80 ounce on the Comex division of the New York Mercantile. Spot gold picked up by 0.7% to $1,820.23  per ounce.