Gold futures settled near one year high on Thursday, whetted by the weakness in dollar and on intensified bets over slash in benchmark interest rates. Moreover, safe haven bets with the ongoing uncertainties over global economic health supported yellow metal investments.
Gold futures for June up by $13.20 or 0.7% to finish at $1997.70 ounce on the Comex division of the New York Mercantile. Spot gold added by $0.23 or 0.01% to $1,980.60 per ounce.