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Gold futures trade higher in early deals on Monday

17 Apr 2023 Evaluate
Gold futures trade higher in early deals on Monday, kindled by the weakness in dollar and bond yields. Moreover, safe haven appeal amid uncertainties over global economic health and anticipations over pausing interest rate hikes by Federal Reserve also buoyed yellow metal investments. Meanwhile, the yellow metal for the most active contract posted a loss of 0.5% for the week.

Gold futures for June rose by $1.80 or 0.09% to $2017.60 ounce on the Comex division of the New York Mercantile. Spot gold added $0.97 or 0.05% to $2,005.14 per ounce.