Gold futures settled sharply higher on Thursday, kindled by the safe haven appeal of the bullion followed by the US reports on potentially imminent war between Russia and Ukraine. The yellow metal for the most active contract marked the highest price since June 2021.
Gold futures for April rose by 1.6% to settle at $1,902.00 ounce on the Comex division of the New York Mercantile. While, spot gold jumped by 1.7% to $1,899.84 per ounce.