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Gold futures trade higher in early deals of Friday

24 Nov 2023 Evaluate
Gold futures traded higher in early deals of Friday, supported by the weakness in dollar and on accelerated bets of end in Fed interest rate hike cycle. Additionally, rise in safe haven appeal of the bullion also kindled yellow metal rates. 

Gold futures for December delivery rose by $1 or 0.05% to $1993.80 ounce on the Comex division of the New York Mercantile. While, spot gold up by $0.31 points or 0.02% to $1,992.56 per ounce.