Gold futures trade higher in early trades of Tuesday, whetted by the safe haven appeal of the bullion amid energy crisis in Europe. Russia shut a major gas pipeline to Europe, putting the continent at risk of a major energy crisis. Moreover, easing dollar against its peers also supported the yellow metal rates.
Gold futures for December trade higher by $6.50 or 0.38% to $1729.10 ounce on the Comex division of the New York Mercantile. While, spot gold was rose by $7.79 or 0.46% to $1,718.19 per ounce.