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Gold futures trade higher on safe haven appeal

20 Mar 2023 Evaluate
Gold futures traded higher in early deals of Monday, kindled by the safe haven appeal of the bullion amidst global bank jitters. Global recession fears and softer dollar also supported yellow metal investments.

Gold futures for April rose by $0.50 or 0.25% to finish at $1978.50 ounce on the Comex division of the New York Mercantile. However, spot gold dipped by $15.37 or 0.77% to $1,973.88 per ounce.