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Gold futures settle higher on safe haven bets

05 Jan 2024 Evaluate
Gold futures settled higher on Thursday, kindled by the safe haven appeal of the bullion amidst ongoing geopolitical tensions. However, some gains remained trimmed as the the timing and pace of potential interest rate cuts in 2024 remains uncertain. 

Gold futures for February delivery up by $7.20 or 0.35% to $2050.00 per ounce on the Comex division of the New York Mercantile. While, spot gold widened by $1.85 points or 0.09% to $ 2,045.50 ounce.

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