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Gold futures trade higher in early deals on Monday

12 Oct 2020 Evaluate
Gold futures traded higher in early deals on Monday, with the safe haven bets amid looming concerns about sluggish global economy in midst of the surging coronavirus infections, and the hopes for a new US coronavirus aid package also lifted bullion investments. Though, firmness in US currency checked the gains.

Gold futures for December up 0.4% at $1,934.10 an ounce on the Comex division of the New York Mercantile. However, spot gold was slipped 0.1% to $1,928.06 per ounce.