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Gold futures end higher on hedge appeal

24 Mar 2022 Evaluate
Gold futures ended higher on Wednesday, as the soaring inflation and the escalated Ukraine-Russia war spurred hedge appeal of the bullion. Even though, gains in US Treasury Bond Yields and dollar capped some gains in the yellow metal. The precious metal for the most active contract marked highest finish in a week.

Gold futures for April climbed by 0.8% at $1,937.30 on the Comex division of the New York Mercantile. While, spot gold rose by 0.8% to $1,937.52 per ounce.