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Gold futures trade higher in early deals of Monday

05 Dec 2022 Evaluate
Gold futures traded higher in early deals of Monday, kindled by the softness in dollar and on technical buying after Friday’s dip followed by better-than-expected US Payroll data. The yellow metal for the most active contract had logged 3% weekly gain.

Gold futures for February widened by $11.90 or 0.66% to $1821.50 ounce on the Comex division of the New York Mercantile. Spot gold rose by $11.19 or 0.62% to $ 1,808.82 per ounce.