Gold futures traded higher in early deals of Monday, kindled by the weakness in dollar and on technical rebound from previous session 2% drop. Moreover, interest rate trim expectations head of US economic data due this week also supported yellow metal investments. The yellow metal for the most active contract market had registered 1% loss for the week.
Gold futures for August delivery up by $8.30 or 0.35% to $2407.40 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.70 or 0.20% to settle at $2,405.53 an ounce.