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Gold futures finish higher as dollar slides

08 Feb 2023 Evaluate
Gold futures finished higher on Tuesday, kindled by the weakness in dollar and on safe haven appeal of the bullion amid woes over geo-political tensions between US and China. Meanwhile, Federal Reserve Chairman Jerome Powell’s comments that interest rate hike will be continued, though ‘disinflationary process has begun’, are also been closely eyed by the market participants.

Gold futures for April up by $5.30 or 0.20% to settle at $1884.80 ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.18% or $3.36 to $1,876.46 per ounce.