Gold futures trade sharply higher in early deals on Monday
Gold futures traded sharply higher in early deals on Monday, kindled by the safe haven appeal of the bullion followed by the escalating geopolitical tensions in the Middle East, involving the US, Israel, and Iran. The yellow metal for the most active contract had marked 3.2% gain for the week.
Gold futures for April delivery spurred by $130.40 or 2.48% to $5,378.30 an ounce on the Comex division of the New York Mercantile. While, spot gold surge by $78.60 or 1.49% to $5,357.53 an ounce.
