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Gold futures trade higher in early deals on Monday

26 Jun 2023 Evaluate

Gold futures traded higher in early deals on Monday, as the safe haven appeal boosted amid concerns over geo-political tensions and on global economic health. The yellow metal for the most active contract had lost about 2% for the week, sharpest dip since the end of January. 

Gold futures for August delivery rose by $6.60 or 0.34% to $1936.20 ounce on the Comex division of the New York Mercantile. Spot gold rose by $4.72 or 0.25% to $1,925.92 per ounce.