Gold futures traded higher in early deals on Monday on softer dollar which made gold cheaper for other currency holders ahead to the Fed monetary policy meeting later this week. The US Federal Reserve is expected to continue its dovish stance. Moreover, heightened tensions over global economic recovery from damage caused by pandemics is still driving the safe-haven appeal of the bullion.
Gold futures for December delivery climbed 0.6% to $1,958.60 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.4% at $1,949.92 per ounce.