MoneyWorks4Me

Gold futures trade higher in early deals on Monday

13 Mar 2023 Evaluate
Gold futures traded higher in early deals on Monday, kindled by the weakness in dollar and Treasury Bond yield notes followed by subdued February US jobs data. The Safe haven appeal of the bullion buoyed as the report showed rise in unemployment rate by 3.6% for the month. The yellow metal for the most active contract had posted 0.7% climb for the week.

Gold futures for April added by $20.40 or 0.09% to $ 1887.60 ounce on the Comex division of the New York Mercantile. Spot gold up by 0.77% or $14.47 to $1,882.73 per ounce.

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