Gold futures settled higher on Wednesday, as the weakness in dollar and on boost in investment appeal after Federal Reserve Chair Jerome Powell signalled that interest rate cut may take time to materialize. The yellow metal for the most active contract marked its fifth consecutive gain in the session.
Gold futures for April delivery rose by $16.30 or 0.76% to settle at $2158.20 per ounce on the Comex division of the New York Mercantile. Spot gold added by $2.06 points or 0.10% to $2,150.24 ounce.