MoneyWorks4Me

Gold futures settle higher on weaker dollar

12 Apr 2023 Evaluate

Gold futures settled higher on Tuesday, rebounding from previous session’s losses, supported by dip in dollar makes the green back denominated bullion cheaper for third currency holders. Safe haven bets ahead to the March US consumer price inflation data also lifted yellow metal investments.

Gold futures for June surged by $15.2 or 0.8% to finish at $ 2019.00 ounce on the Comex division of the New York Mercantile. Spot gold up by $13.65 or 0.68% to $2,017.27 per ounce.


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