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Gold futures trade higher in early deals of Monday

06 Jun 2022 Evaluate
 After notching three week lower finish in last session, Gold futures traded higher in early deals of Monday whetted by the safe haven appeal of the bullion amid growing uncertainties over global economic health with the mounting inflationary pressure and on going war. However, rise in US jobs data capped some gains in the precious metal.

Gold futures for August edged higher by 0.2% at $1,853.60 ounce on the Comex division of the New York Mercantile. Spot gold was almost unchanged at $1,850.60 per ounce.