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Gold futures finish higher on safe haven bets

12 Apr 2024 Evaluate
Gold futures finished higher on Thursday, due to safe haven appeal of the bullion amidst intensifying geopolitical tensions and on robust physical demand from central banks. Weaker bond yield notes and muted dollar also kindled yellow metal rates further.

Gold futures for June delivery rose by $24.3 or 1.03% to settle at $ 2372.70 per ounce on the Comex division of the New York Mercantile. While, spot gold increased by $12.26 points or 0.52% to $ 2,384.78 an ounce.