Gold futures settled higher on Thursday, rebounding from previous session’s five-week low level, supported by the sliding dollar. Meanwhile, safe haven appeal amid fears over potential recession and as investors awaits more cues on Fed monetary policy decision also lifted the bullion rates further.
Gold futures for April up by $6.50 or 0.40% to settle at $1851.80 ounce on the Comex division of the New York Mercantile. However, spot gold down by 0.46% or $8.36 to $1,828.00 per ounce.