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Gold futures settle higher for fourth straight session

06 Mar 2024 Evaluate
Gold futures settled higher for fourth straight session on Tuesday, whetted by the softness in dollar. Additionally, safe haven bullion appeal got bolstered after retreat in US factory orders and lower than expected ISM Services PMI numbers spurred recession fears.

Gold futures for April delivery rose by $15.60 or 0.73% to settle at $2141.90 per ounce on the Comex division of the New York Mercantile. While, spot gold reduced by $2.09 points or 0.10% to $2,125.95 ounce.