Gold futures settled higher on Monday, kindled by the safe haven appeal followed by sluggish US economic data, increasing uncertainty surrounding US elections this year, persisting geo-political tensions and looming high benchmark interest rates. Additionally, softer dollar and 10-year Treasury bond yield notes also buoyed yellow metal rates.
Gold futures for April delivery rose by $30.60 or 1.46% to settle at $2126.30 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $0.58 points or 0.03% to $2,115.06 ounce.