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Gold futures trade higher in early deals of Monday

15 Mar 2021 Evaluate
Gold futures rebounded from previous sessional loss in early deals of Monday, lifted by inflation hedge appeal of the bullion as the passage of a US stimulus bill stoked inflation worries. The yellow metal for the most active contract had logged gain of about 1.3% for the week.

Gold futures for April delivery rose by 0.7% to $1,730.90 an ounce on the Comex division of the New York Mercantile. Spot gold up by 0.3% to $1,732.02 per ounce.