Gold futures finished near two week high on Thursday, as the concerns over economic ramifications rampant with the Russia- Ukraine war enters second month. Moreover, surging inflationary pressure buoyed the yellow metal investments. Meanwhile, holdings of SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, rose to its highest level since February 2021 also added the upside.
Gold futures for April climbed by 1.3% to settle at $1,962.20 on the Comex division of the New York Mercantile. Spot gold was up 1% at $1,963.21 per ounce.