Gold futures finished higher on Monday after two consecutive losses, kindled by the risk aversion ahead to key policy meetings of major central banks, including the Federal Reserve, Bank of Japan, Reserve Bank of Australia and Bank of England. Moreover, geopolitical tensions in the Middle East and drone attacks on Russia also whetted safe haven appeal of the precious metal. Moreover, muted dollar and decline in US Treasury bond yield notes also encouraged yellow metal buying.
Gold futures for April delivery rose by $2.80 or 0.12% to settle at $2164.30 per ounce on the Comex division of the New York Mercantile. While, spot gold increased by $0.18 points or 0.01% to $2,160.54 ounce.