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Gold futures trade higher in early deals of Monday

19 Jul 2021 Evaluate
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.