Extending winning streak to fourth consecutive session, Gold futures settled near three month high level on Wednesday, kindled by the weakness in dollar and a sliding US Treasury bond yields. Moreover, the mettle of the bullion got appreciated with the lingering geo-political tensions and continuing surge in Covid-19 infections. Meanwhile, traders around the world keenly awaited for the US Consumer Data trajectory to gauge on US Federal Reserve’s interest rate hike.
Gold futures for April climbed by 0.5% to settle at $1,836.60 ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.5% to $1,834.25 per ounce.