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Gold futures trade higher in early deals of Tuesday

03 Sep 2024 Evaluate
Gold futures traded higher in early deals of Tuesday, with the continued support from the safe haven appeal of the bullion amidst lingering economic uncertainties and Middle East geopolitical tensions. Meanwhile, investors awaited US data to gauge on the size of the Federal Reserve’s interest rate cut.  The US stock market was closed yesterday for Labor Day. 

Gold futures for December delivery rose by $1.10 or 0.04% to $2528.70 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $3.80 or 0.15% to settle at $2,495.71 an ounce.