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Gold futures finish higher for the eighth consecutive session on Monday

12 Mar 2024 Evaluate

Gold futures finished higher for the eighth consecutive session on Monday, kindled by the softer dollar and weaker US Treasury bond yield notes. Besides, yellow metal investments also boosted with the trivialized bets on early interest rate cuts this year by Federal Reserve after significantly lower job gains in January and December, as well as the two-year high unemployment rate.

Gold futures for April delivery rose by $3.10 or 0.14% to settle at $2188.60 per ounce on the Comex division of the New York Mercantile. However, spot gold down by $5.32 points or 0.24% to $ 2,177.43 ounce.