Gold futures traded higher in early deals of Monday, kindled by the weakness in dollar and bond yield notes. Moreover, safe haven appeal amid persisting geopolitical tensions and caution ahead to Friday's core PCE price index also supported precious metal rates. The yellow metal for the most active contract marked loss of 0.76% for the week.
Gold futures for August delivery up by $7.60 or 0.33% to settle at $2338.80 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $3.83 or 0.16% to $ 2,325.81 an ounce.