Gold futures traded higher in early deals on Friday, kindled by the safe haven appeal of the bullion amidst escalating geopolitical tension in the Russia-Ukraine war and the Israel-Hezbollah war. Further, the yellow metal investments also picked up with dip in the U.S. dollar. Meanwhile, markets awaited Key U.S economic data which influencing the Federal Reserve's monetary policy.
Gold futures for February rose by $20.1 or 0.75% to $2684.9 ounce on the Comex division of the New York Mercantile. Spot gold climbed by $22.83 or 0.87% to $ 2,660.75 per ounce.