Gold futures trade higher in early trades of Monday, as the weaker than expected US jobs report buoyed the safe haven appeal of the bullion in wake of reignited concerns over slow recovery from the pandemic struck economic slowdown. Adding to it the dollar subdued from a two month higher rate lifting bullion investments. A weaker dollar makes the yellow metal cheaper for holders of other currencies. The bullion for the most-active contract had logged a 2% loss for last week.
Gold futures for April delivery rose gained 0.2% to $1,816.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.1% to $1,813.99 per ounce.