Skip to main content

MoneyWorks4Me

Gold futures settle above key benchmark $1900 level on Tuesday

27 Apr 2022 Evaluate
Rebounding from two month lower rate, Gold futures settled slightly higher on Tuesday to register the key benchmark level $1900 kindled by the safe haven appeal of the bullion amid worries over economic slow down in China and soaring inflation. Even though, anticipations over aggressive interest rate hike and stronger dollar limited gains in the session.

Gold futures for June climbed by 0.4% or $8.10 at $1904.10 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by 0.1% at $1,903.16 per ounce.