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Gold futures trade marginally higher on Monday

28 Jun 2021 Evaluate

Gold futures traded marginally higher on Monday, even as bounce in the US dollar against its rivals. Gold prices improved further on tamer-than-expected US inflation data that allayed worries about an early monetary policy tightening by the US Federal Reserve.

Gold futures for August jumped by 0.12% to $1779.9 an ounce on the Comex division of the New York Mercantile. While, spot gold was down by 0.13% at $1,779.19 per ounce.