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Gold futures trade higher in early deals of Monday

30 Aug 2021 Evaluate
Gold futures trade higher in early deals of Monday, near a three weeks high rate after Federal Reserve Chairman Jerome Powell missed hawkish tone on monetary policy as widely anticipated. Lower interest rates lifted the yellow metal investment appeal. Moreover, continued spike in covid 19 delta variant also raised safe haven bullion bets. The yellow metal for the most active contract had posted 2% gain for the week.

Gold futures for December rose by up 0.2% at $1,823.10 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.2% at $1,819.71 per ounce.