Gold futures finished above a record high of $3,000 on Monday, kindled by the safe-haven appeal of the bullion ahead of the US Federal Reserve’s interest rate decision. Besides, a weaker dollar and lower Treasury yields also encouraged in yellow metal investments. Geopolitical tensions heightened after Israel launched significant airstrikes in Gaza, reportedly in response to ongoing threats and attacks.
Gold futures for April delivery up by $5 or 0.16% to $ 3,006.10 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $ 14.88 or 0.50% to settle at $ 3,015.48 an ounce.