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Gold futures finish sharply higher on weaker dollar

28 Dec 2022 Evaluate
Gold futures finished sharply higher on Tuesday, kindled by the softness in dollar after China further relaxed its COVID-19 curbs. Further, safe haven appeal of the bullion with the woes over global economic health also added the upside.

Gold futures for February rose by $18.90 or 1.1% to settle at $1823.10 ounce on the Comex division of the New York Mercantile. Spot gold up by 0.13% or $2.27 to $1,811.42 per ounce.