Skip to main content

MoneyWorks4Me

Gold futures settle tad higher after inflation data

15 Feb 2023 Evaluate
Gold futures settled tad higher on Tuesday as the mixed inflation reading advocated to retain aggressive Fed interest rate hikes raising safe haven appeal of the bullion. However, stronger dollar capped further gains in yellow metal.

Gold futures for April up by $1.90 or 0.10% to settle at $1865.40 ounce on the Comex division of the New York Mercantile. However, spot gold down by 0.34% or $6.39 to $1,847.92 per ounce.