Skip to main content

MoneyWorks4Me

Gold futures trade higher in early deals of Monday

23 Sep 2024 Evaluate
Gold futures traded higher in early deals of Monday, supported by the weakness in dollar and slide in bonds. Additionally, current less restrictive monetary policy stance by Federal Reserve and lifted safe haven appeal of the bullion amidst intensifying geopolitical tensions in the Middle East, also raised the bullion rates. The yellow metal for the most active contract had marked 2.5% gain for the week

Gold futures for December delivery traded higher by $8.1 or 0.31% to $ 2654.30 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $7.99 or 0.30% to settle at $ 2,629.87 an ounce