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Gold futures trade higher in early deals despite dollar strength

05 Sep 2022 Evaluate
Gold futures extended previous session's gains in early trades on Monday, despite strength in dollar and hawkish US Federal Reserve. Safe haven appeal of the bullion amid worries over global economic slowdown buoyed some yellow metal investments. Gold for the most active contract had registered third weekly dip by about 1%.

Gold futures for December inched higher by $0.8 or 0.05% to $1723.40 ounce on the Comex division of the New York Mercantile. Spot gold was rose by 26 cents or 0.02% to $1,712.45 per ounce.