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