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Gold futures settle higher near 5-week high on Wednesday

16 Mar 2023 Evaluate
Gold futures settled higher near 5-week high on Wednesday, on account of the safe haven appeal of the bullion after fresh turmoil in Credit Suisse exacerbated concerns over global economic stability. Additionally, weakness in dollar and US Treasury bond yields also lifted the yellow metal rates.

Gold futures for April added by $20.4 or 1.1% to finish at $1931.30 ounce on the Comex division of the New York Mercantile. However, spot gold dipped by $4.83 or 0.25% to $1,913.75 per ounce.

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