Gold futures traded higher in early deals of Monday, kindled by the weakness in dollar and accelerates chances for Federal Reserve interest rate cut this month followed by mixed US jobs report. Persisting geo-political tensions and jitters over potential recession also buoyed safe haven appeal of the bullion. However, the yellow metal had declined this week by 0.12%.
Gold futures for December delivery up by $3.40 or 0.13% to $2528 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.35 or 0.06% to settle at $2,498.76 an ounce.