Commodity Tips:- Gold Futures Settle Higher On Friday

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Gold futures settled higher on Friday, after dollar and US Treasury bonds snapped gains. U.S. Treasury. The bullion usually shows an inverse relation to the bond prices and dollar index. However, the yellow metal pared some gains on the assured global peace prospects after Korean leaders set 'complete denuclearization' goal.

 

Gold futures for June delivery settled up $5.50, or 0.42 percent, at $1,323.40 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up by 0.4 percent at $1,321.81per ounce.

 

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