Gold futures traded higher in early deals of Monday, with the safe haven appeal amid Israeli-Hamas war. Additionally, softer dollar and easing bond yields notes also whetted the yellow metal rates. Still, the yellow metal for the most active contract registered its second consecutive loss for falling 1.12% for the week.
Gold futures for December delivery rose by $19.80 or 1.07% to $1865 ounce on the Comex division of the New York Mercantile. While, spot gold added by $19.00 or 1.04% at $1,852.01 per ounce.