Gold futures settled higher for the fourth consecutive session on Tuesday, as the expectations over aggressive interest rate hike dimmed after US inflation data came out largely as anticipated. Moreover, weaker US bond yields also lifted investment appeal of the bullion. The yellow metal for the most active contract marked highest finish in a month.
Gold futures for June climbed by $27.90, or 1.4%, to settle at $1,976.10 per ounce on the Comex division of the New York Mercantile. While, spot gold was higher by 0.7% to $1,967.61 per ounce.