Gold futures showcase upward trend in early deals of Monday, with the technical buying after Friday’s one-month lowest finish and on softer dollar. However, an impending pivot interest rate hike limited precious metal gains. The yellow metal for the most active contract had tumbled by 3.5% for the week, registering worst week in 2 months.
Gold futures for December rose by $6.10 or 0.37% to settle at $1655.00 ounce on the Comex division of the New York Mercantile. While, spot gold added by $6.42 or 0.39% or $1,650.89 per ounce.