Gold futures traded higher in early deals on Monday, buoyed by the decline in dollar and on accelerated bets the Federal Reserve will slow down its aggressive interest rate hike. The yellow metal for the most active contract had marked its fifth straight weekly gain.
Gold futures for March up by $3.90 or 0.20% to settle at $1939.70 ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.25% or $4.74 to $1,930.82 per ounce.