Gold futures trade near two week higher rate in early deals of Monday, whetted by the sliding dollar and on inflation fears. The bullion investments also got a boost with the anticipations over quicker roll back of accommodations by the Federal Reserve. The yellow metal also experienced better physical demand for the yellow metal from the top consumer China last week and as per reports there was increased activity in other Asian hubs including Singapore. The yellow metal for the most active contract had posted monthly dip of 3.4% and 0.8% fall for the quarter. The precious metal also attained weekly gain of 0.4% .
Gold futures for December trade higher by 0.4% to $1,764.90 an ounce on the Comex division of the New York Mercantile. While, spot gold lifted by 0.2% to $1,764.60 per ounce.