Gold futures finished near eight month high on Wednesday, with the rebounded safe haven appeal of the bullion amid lingering concerns about Russia-Ukraine tensions. Moreover, rising inflationary pressure, continued surge in covid-19 cases and a softer dollar lifted the yellow metal investments.
Gold futures for April rose by 0.8% or $15.30 to settle at $1,871.50 ounce on the Comex division of the New York Mercantile. Spot gold was up 0.9% at $1,869.41 per ounce.