Gold futures settled sharply higher on Thursday, registering one year high rate whetted by safe haven appeal of the bullion amid weak US economic data. Moreover, intensified bets on pausing interest rate hikes, and weaker dollar also boosted yellow metal investments.
Gold futures for June rose by $30.40 or 1.50% to $2055.30 ounce on the Comex division of the New York Mercantile. While, spot gold added by $4.47 or 0.22% to $ 2,044.69 per ounce.