Skip to main content

MoneyWorks4Me

Gold futures settle higher snapping fourth straight sessional loss

31 Mar 2022 Evaluate
Gold futures settled higher on Wednesday, snapping fourth straight sessional loss followed by the weakness in dollar and US Treasury Bond yields. Moreover, safe haven bullion bets got appreciated amid concerns that aggressive Federal Reserve measures could hurt US economic health and on uncertainty over Russia-Ukraine ending war.

Gold futures for June rose by 1.1% or $21 to $1,939.00 on the Comex division of the New York Mercantile. While, spot gold climbed by 0.7% at $1,932.14 per ounce.