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Gold futures finish higher on safe haven appeal

08 Apr 2022 Evaluate

Gold futures finished higher on Thursday as the safe haven appeal of the bullion boosted on account of inflation worries raised by the Russia- Ukraine Crisis. Meanwhile, bets on aggressive Federal Reserve rate hike plans limited some gains in the yellow metal rates.

Gold futures for June rose by $14.7 or 0.8% to settle at $ 1937.8 per ounce on the Comex division of the New York Mercantile. Spot gold was up by 0.5% to $1,934.69 per ounce.