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Gold futures trade higher in early deals of Tuesday

21 Jun 2022 Evaluate
Gold futures traded higher in early deals of Tuesday, kindled by the weakness in dollar and on safe haven appeal of the bullion amid fears over ramification on aggressive monetary policy tightening by the US Federal Reserve. However, firmer bond yields and higher interest rates capped some gains. 

Gold futures for August rose by $1.30 or 0.07% to $1841.90 ounce on the Comex division of the New York Mercantile. Spot gold was up by 0.2% at $1,841.13 per ounce.