Gold futures surged on Thursday, with investors opting for its safe haven appeal with US equity markets dropping significantly. Further, the Federal Reserve's March policy meeting revealed concerns among monetary authorities that US consumer prices remain soft also supported the precious metal price.
Gold futures for June delivery settled up 1.04 percent at $1,319.50 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold rose 0.06 percent at $1,319.76 an ounce.
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