Gold futures finished modestly higher on Friday kindled by the weakness in dollar and on hedge appeal of the bullion amid uncertainties over economic ramification with the continued Russia-Ukraine war, soaring inflation, and resurgence in covid cases. However, the yellow metal marks worst monthly drop since January, about 1.4 % down for the month and marks 1% decline for the week.
Gold futures for June climbed by 1.1% to settle at $1,911.70 ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.9% at $1,911.14 per ounce.