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Gold futures trade almost unchanged in early deals on Monday

23 Nov 2020 Evaluate
Gold futures traded almost unchanged in early deals on Monday, as the optimism over the developments in the covid-19 vaccine weighed on the bullion buying. However, Inflation hedge appeal of the bullion amid hopes of further US monetary stimulus and a weaker dollar capped the downside.

Gold futures for December delivery were little changed at $1,871.80 an ounce on the Comex division of the New York Mercantile. Spot gold got buoyed by 0.3% to $1,871.99 per ounce.