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Gold futures settle higher on Monday

10 Jan 2023 Evaluate

Gold futures settled higher on Monday, as the Weaker economic data has raised bets that the Federal Reserve may slow down its pace of rate hikes. Moreover, weaker dollar rates and falling Treasury yields also buoyed the investment appeal of the bullion.

Gold futures for February up $8.1 or 0.4% to settle at $ 1877.8 ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.4% to $1,873.72 per ounce.