Gold futures finish sharply higher on safe haven appeal
Gold futures finished sharply higher on Monday, amidst global trade uncertainties following a US Supreme Court ruling that struck down reciprocal tariffs. Additionally, weaker dollar, declining Treasury bond yield notes and heightened geopolitical tensions between the US and Iran also buoyed yellow metal investments.
Gold futures for April delivery surged by $144.70 or 2.84% to settle at $ 5,225.60 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $59.97 or 1.15% to $ 5,167.45 an ounce.
