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Gold futures trade higher in early deals of Monday

19 Dec 2022 Evaluate
Gold futures traded higher in early deals of Monday, kindled by the safe haven appeal of the bullion on lingering concerns over global economic slowdown with the continued aggressive interest rate hike by US Federal Reserve. Meanwhile, the yellow metal for the most active contract had logged loss for the week 0.6%.

Gold futures for December jumped by $3.40 or 0.19% to settle at $1803.60 ounce on the Comex division of the New York Mercantile.  Spot gold rose by $0.51 or 0.03% or $1,793.59 per ounce.