Gold futures traded slightly higher in early deals of Monday, as the investment appeal of the bullion got supported by the weakness in dollar. However, Fed rate hike bets followed by the jump in unemployment capped some gains. Meanwhile, the yellow metal for the most active contract had registered 1.4% loss for the week.
Gold futures for December delivery traded higher by $3.90 or 0.20% to $1971 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $0.13 or 0.01% at $1,940.06 per ounce.