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Gold futures trade higher in early deals of Monday

27 May 2024 Evaluate
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.