Gold futures finished sharply higher on Tuesday, as the woes over global economic health intensified with US bank turmoil spurring safe haven appeal of the bullion. Weakness in dollar ahead to Federal Reserve’s interest rate decision also supported yellow metal investments.
Gold futures for June up by $31.10 or 1.6% to settle at $2023.30 ounce on the Comex division of the New York Mercantile. Spot gold rose by $1.30 or 0.06% to $2,017.98 per ounce.