Gold futures traded marginally higher on Monday as a softer US dollar makes dollar-denominated gold less expensive for overseas buyers. However, aggressive monetary policies by the global central banks, limiting gold gains.
Gold futures for December gained by $0.4 or 0.02% to $1672.4 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.3% to $ 1,665.29 per ounce.