Gold futures surged on Thursday as restrictions on gold imports in India eased, the world's second biggest consumer of gold and ongoing tensions in Ukraine. The sentiments also improved after minutes of the US Federal Reserve's latest policy meeting suggested the central bank would not raise interest rates soon.
Gold futures for June delivery settled up $6.90 at $1,295 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold rose 0.2 percent to $1,294.44 an ounce.
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