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Gold futures finish higher on safe haven appeal

04 Mar 2022 Evaluate
Gold futures finished higher on Thursday as the surging inflation and lingering Russia-Ukraine crisis lifted safe haven appeal of the bullion. Meanwhile, participants awaited for cues on interest rate hike as US Federal Reserve enters the second day of the Congress testimony.

Gold futures for April climbed by 0.7% to settle at $1,935.90 on the Comex division of the New York Mercantile. Spot gold up by 0.4% at $1,933.31 per ounce.