Gold futures traded higher in early deals of Monday, as the US inflation rose slower than expected kindling platform for policy makers to trim interest rates by September. Persisting geopolitical tensions highlighted by the Israeli military action in the West Bank also buoyed yellow metal rates further.
Gold futures for December delivery rose by $2.60 or 0.10% to $ 2,530.20 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $6.72 or 0.27% to settle at $2,496.67 an ounce.