Gold futures traded higher in early deals of Tuesday, whetted by a weaker greenback and as investors eagerly awaited for the minutes from Federal Reserve’s June policy meeting which is due on Wednesday, for more cues on tapering monetary stimulus in wake of better economic and job readings. US markets were closed on Monday for the Independence Day holiday.
Gold futures for August rose 0.48% or $8.7 to $1,792.00 an ounce on the Comex division of the New York Mercantile. Spot gold remained unchanged $1,792.34 per ounce.