Gold futures traded higher in early deals of Monday, whetted by the weakness in bond yield notes and on technical buying after the yellow metal plunged to two-week low rate with the hawkish tone from Federal Reserve. The yellow metal for the most active contract fell by 3.4% for the week.
Gold futures for June delivery up by $11.30 or 0.48% to settle at $2345.80 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $9.67 points or 0.41% to $2,343.50 an ounce.