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Gold futures trade higher in early deals of Monday

18 Apr 2022 Evaluate
Gold futures advanced in early deals of Monday whetted by the inflation hedge appeal of the bullion and as the worries over economic ramifications in midst of continued Russia-Ukraine war kindled safe haven appeal of the bullion. Gold for the most active contract had logged 1.5% gain for the week.

Gold futures for June rose by 0.7% at $1,987.70 ounce on the Comex division of the New York Mercantile. Spot gold added by 0.5% at $1,984.58 per ounce.