Gold futures finish sharply higher as dollar, bonds dip
Gold futures finished sharply higher on Wednesday, kindled by the decline in dollar and on weaker bond yield notes followed by the reports on potential US-Iran de-escalation. Further, trimmed hopes over aggressive, ‘higher-for-longer ‘central bank interest rates also buoyed the yellow metal investments.
Gold futures for April delivery surged by $135.60 to 2.91% to $4,783.20 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $97.16 or 2.04% to $ 4,661.41 an ounce.
