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Gold futures trade higher in early deals on Monday

09 Nov 2020 Evaluate
Gold futures traded higher in early deals on Monday, as the anticipations on more coronavirus stimulus measures under US President-elect Joe Biden and weaker dollar kindled yellow metal investments. Global coronavirus infections surpassed 50 million on Sunday, also bolstered safe haven investments.

Gold futures for December delivery trade up at $4.90 at $1951.70 an ounce on the Comex division of the New York Mercantile. Spot gold rising rose 0.2% to $1,953.21 per ounce.