Gold futures finished higher on Tuesday, extending previous sessional gain as dollar snapped its rally and bargain hunting at prevailing levels. Moreover, safe haven appeal amid global economic health outlook buoyed the bullion. Albeit, yellow metal for the most active contract posted its first monthly loss since October amid prospects of sharp interest rate hikes.
Gold futures for April rose by $11.80 or 0.70% to $1836.70 ounce on the Comex division of the New York Mercantile. Spot gold added 0.23% or $4.27 to $1,831.19 per ounce.