Gold futures traded higher in early deals of Monday, rebounding from previous session’s 6 week low level and weekly decline of 2%. However, the yellow metal gains remained trimmed as dollar continued firmer after US Federal Reserve’s plans to start interest rate hike in March and rollback its pandemic-era bond
Gold futures for April rose by 0.1% to $1,788.20 an ounce on the Comex division of the New York Mercantile. However, spot gold fell by 0.2% at $1,788.41 per ounce.