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Gold futures settle higher on weaker dollar

04 Apr 2023 Evaluate
Gold futures settled higher on Monday, whetted by the softness in dollar followed by jitters surrounding surprise crude output cut by OPEC+. Moreover, safe haven appeal of the bullion amidst prolonged inflation and uncertainty over global economic health.

Gold futures for June rose by $14.20 or 0.70% to $2000.40 ounce on the Comex division of the New York Mercantile. However, spot gold down by $6.41 or 0.32% to $1,978.24 per ounce.