Gold futures finish sharply higher as dollar, bonds decline
Gold futures finished sharply higher on Wednesday, kindled by the softer dollar and declining bond yield notes. Additionally, renewed tensions between the US and Iran, alongside ongoing economic uncertainties, spurred safe-haven buying.
Gold futures for April delivery surged by $67.50 or 1.34% to settle at $5,098.50 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $29.93 or 0.60% to $5,054.46 an ounce.
