Gold futures finished higher on Thursday, kindled by the safe haven bets amid persisting Russia-Ukraine war and on soaring inflation. The yellow metal for the most active contract gains 2.8% for the month, and a quarterly rise of 6.9%, the sharpest quarterly gain since the pandemic-led surge in mid-2020.
Gold futures for June rose by 0.8% or to settle at $1,954.00 per ounce on the Comex division of the New York Mercantile. Spot gold was up by 0.5% at $1,942.48 per ounce.