CHICAGO, March 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as the U.S. dollar weakened.
The most active gold contract for April delivery rose 34 U.S. dollars, or 1.78 percent, to close at 1,943.2 dollars per ounce.
High inflation in the EU and the United States continued to support market's safe haven demand for gold as investors took the first Federal Reserve interest-rate hike since 2018 as not much of a headwind to gold in the near term.
Geopolitical strife in the Black Sea continued to support gold.
Silver for May delivery rose 90.6 cents, or 3.67 percent, to close at 25.616 dollars per ounce. Platinum for April delivery rose 23.2 dollars, or 2.3 percent, to close at 1,031.3 dollars per ounce. ■