India, March 3 -- Gold futures settled notably higher on Monday, recovering after two successive days of losses, as the dollar drifted down amid prospects of the Federal Reserve cutting interest rates earlier as it is feared that the U.S. trade war may hurt global growth and spark recession in some countries.
Uncertainty about prospects of peace in Ukraine, and last week's disappointing U.S. economic data weighed as well on the dollar.
The dollar index dropped to 106.47, before recovering a bit. At 106.60, the index was down 0.95% a little while ago.
Gold futures for March closed higher by $53.40 or about 1.88% at $2,890.20 an ounce.
Silver futures for March settled at $32.032 an ounce, up $0.813 or about 2.6%, while Copper futures for ...