Gold futures settled higher on Friday, boosted by a dip in dollar and weakness in bond yield notes. Moreover, strong demand for safe-haven assets on persistent geopolitical tensions driven by Russia-Ukraine conflict and uncertainty in the Middle East also buoyed the yellow metal investments.
Gold futures for February up by $16.20 or 0.61% to settle at $2,681 ounce on the Comex division of the New York Mercantile. Spot gold added by $5.23 or 0.20% to $2,643.15 per ounce.
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