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.