Gold futures traded higher in early deals of Monday, kindled by the safe haven bets due to the concerns about global economic recovery amid continued spike in covid-19 cases world-wide. Moreover, stronger dollar and easing US Treasury bond yields also supported yellow metal investments. Gold for the most active contract posted a fourth straight weekly gain of about 0.2% on Friday.
Gold futures for August rose 0.1% to $1,813.70 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.1% at $1,812.83 per ounce.