Gold futures finish sharply higher on safe haven bets
Gold futures finished sharply higher on Friday, kindled by safe haven bets amidst escalating geopolitical tensions between the US and Iran. Additionally, weak dollar and disappointing US Q4 GDP growth number of 1.4% also buoyed the yellow metal investments.
Gold futures for April delivery surged by $83.50 or 1.67% to settle at $5,080.90 an ounce on the Comex division of the New York Mercantile. While, spot gold soared by $111.35 or 2.23% to $5,107.45 an ounce.
