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Gold futures settle higher on safe haven appeal

19 Apr 2022 Evaluate
Gold futures settled higher on Monday kindled by the safe haven appeal of the bullion amid continued Ukraine crisis and surging inflation rates. However, stronger dollar and rise in US Treasury bond yields capped some gains in the yellow metal. The precious metal for the most active contract is holding near one month high finish.

Gold futures for June climbed by 0.6% to settle at $1,986.40 ounce on the Comex division of the New York Mercantile. Spot gold rose 0.1% to $1,976.56 per ounce.