Gold futures ended near one and half year high price on Monday, kindled by the safe haven appeal of the bullion with the intensified Ukraine- Russia crisis, and supply chain chaos with the sanctions imposed on Russia by the Western countries and United States. Moreover, concerns over global economic rebound, surging inflation and persisting spread of Covid-19 also lifted yellow metal investments.
Gold futures for December rose by 1.5% to settle at $1,995.90 an ounce on the Comex division of the New York Mercantile. While, spot gold up 1.3% to $1,993.22 Copper futures finish higher on bargain hunting.