Gold futures traded higher in early deals of Monday, extending winning streak to eighth consecutive session whetted by the weakness in dollar and Treasury bond yield notes. Additionally, trivialized bets on early interest rate cuts this year by Federal Reserve also buoyed the yellow metal rates.
Gold futures for April delivery rose by $2.30 or 0.11% to $2187.80 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $1.11 points or 0.05% to $2,180.06 per ounce.