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Gold futures trade higher in early deals of Monday

13 Nov 2023 Evaluate
Gold futures traded higher in early deals of Monday, kindled by the softness in dollar and on technical correction after the yellow metal for the most active contract fell by 2.6% for the week. Bullion marked its second consecutive weekly decline amidst curtailed safe haven appeal with the hawkish Federal Reserve stance and on easing geopolitical conflicts in Middle East.

Gold futures for December delivery rose by $1.4 or 0.07% to $1939.10 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $5.08 points or 0.26% to $1,935.12 per ounce.

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