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Gold futures trade tad higher in early deals on softer US dollar

03 Oct 2022 Evaluate
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.