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Gold futures trade slightly higher in early deals on Monday

20 Feb 2023 Evaluate
Gold futures traded slightly higher in early deals on Monday kindled by bargain hunting after the yellow metal posted third straight weekly loss, by dipping 1.3% for the week. However, firm dollar and Fed interest rate hike fears limited some gains.

Gold futures for April up by 90 cents or 0.05% to settle at $1851.10 ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.02% or $0.28 to $1,842.64 per ounce.