Gold futures trade higher in early deals of Monday
Gold futures traded higher in early deals of Monday, buoyed by the softer dollar and on bets over keeping higher for longer interest rates by the central banks with the elevated inflation risks stemming from the Middle East conflicts. The yellow metal for the most active contract had marked 2.84% loss for the week.
Gold futures for June delivery up by $2.80 to 0.06% to $4,743.70 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $17.10 or 0.36% to $ 4,726.60 an ounce.
