Gold futures finished sharply higher on Thursday, kindled by the softness in dollar and on weaker bond yield notes. Moreover, increased buying of gold by central banks, particularly in response to geopolitical tensions, has added to the upward pressure on prices.
Gold futures for June delivery soared by $38.30 or 1.20% to settle at $3,226.60 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $21.77 or 0.67% to settle at $3,218.33 an ounce