Gold futures finished higher for third consecutive session on Monday, kindled by the weakness in greenback and on hedge appeal of the bullion with the global economic growth concerns, soaring inflation, persisting Russia-Ukraine tensions and supply chain chaos. Moreover, easing trend in US Treasury bond yields also lifted investment appeal of the bullion.
Gold futures for June rose by $5.70 or 0.3% to 1847.80 ounce on the Comex division of the New York Mercantile. While, spot gold jumped by 0.6% to $1,856.56 per ounce.