Gold futures settled tad lower on Friday, retreating from previous session’s sharpest finish as the US-Russia provided some calmness to geo-political tensions. The precious metal had been volatile in the session and had notched $1905 intraday high before the retreat. However, the lingering possibility for an imminent war buoyed the yellow metal’s safe haven appeal. Bullion for the most active contract marked 1.9% rise for the week, highest in 9 months.
Gold futures for April dipped by 0.1% to settle at $1,899.80 on the Comex division of the New York Mercantile. While, spot gold fell by 0.1% at $1,896.04 per ounce.