Rebounding from two month low rate, Gold futures finished marginally higher on Thursday with the safe haven appeal of the bullion as uncertainty over Ukraine-Russia peace, persisting coronavirus-induced-lockdown in China, and soaring inflation. However, the yellow metal hovered near 10 week lower level due to firmer dollar and on bets over quicker interest rate hike by Federal Reserve.
Gold futures for June climbed by 0.1% to settle at $1,891.30 ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.3% at $1,890.90per ounce.