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Gold futures settle higher on Tuesday

01 Feb 2023 Evaluate
Gold futures settled higher on Tuesday and registered third consecutive monthly gain, by 6%. The yellow metal investments geared up after latest report showcased dip in consumer confidence and narrowing US job figures spurring speculations over US interest rate outlook.

Gold futures for April finished higher by $6.10 or 0.30% to settle at $1945.30 ounce on the Comex division of the New York Mercantile. However, spot gold slipped by 0.06% or $1.07 to $1,927.29 per ounce.