Gold futures traded higher in early deals of Monday, kindled by the weakness in dollar and Treasury bond yield notes. Moreover, boosted safe haven appeal amidst escalating tensions in the Middle East and on bets of early Fed interest rate trims followed by surprise decline in US producer inflation data.
Gold futures for February delivery up by $7.20 or 0.35% to $2058.80 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $5.77 points or 0.28% to $2,054.83 ounce.