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Gold futures trade higher in early deals on Monday

21 Dec 2020 Evaluate
Gold futures traded in early deals on Monday, with a good momentum buying rate after an agreement on a long-awaited US fiscal stimulus deal had been reached. The yellow metal is near one-and-a-half-month peak rate, despite a firmer US dollar. The US congressional leaders reached an agreement on a $900 billion COVID-19 stimulus package on Sunday, with votes likely on Monday.  

Gold futures for February delivery gained 0.7% to $1,902.70 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.8% to $1,896.39 per ounce.