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Gold futures trade tad higher in early deals of Monday

11 Apr 2022 Evaluate

Gold futures traded slightly higher in early deals of Monday, supported by the safe haven appeal of the bullion amid uncertainties surrounding economic ramifications amid prolonged war between Russia and Ukraine. However, stronger dollar and bond yields limited some gains. The yellow metal for the most active contract has logged a weekly gain of 1.1% for the week

Gold futures for June rose by 0.10% or $1.9 to $1947.50 per ounce on the Comex division of the New York Mercantile. However, spot gold was down by 0.2% to $1,942.93 per ounce.