Gold futures traded higher in early deals on Monday, kindled by the safe haven appeal of the bullion amidst ongoing geopolitical issues and on hotter than expected March jobs report. Even though, stronger dollar and rising bonds capped some gains in the session. The yellow metal for the most active contract marked sixth straight weekly gain, with a jump of 4.78% this week.
Gold futures for June delivery trade higher by $14.50 or 0.62% to $2359.90 per ounce on the Comex division of the New York Mercantile. Spot gold increased by $13.27 points or 0.57% to $2,343.02 an ounce.