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.