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Gold futures trade higher in early deals on Monday

30 Jan 2023 Evaluate
Gold futures traded higher in early deals on Monday, despite stronger dollar and fears over more aggressive interest rate hikes by Federal Reserve after better-than-expected US economic data. The yellow metal for the most active contract had registered sixth straight weekly gain, up by 0.1%.

Gold futures for February was trading higher by $3.00 or 0.16% at $1932.40 ounce on the Comex division of the New York Mercantile. Spot gold added by 0.07% or $1.42 to $1,929.46 per ounce.