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Gold futures trade higher in early deals of Monday

13 Jan 2025 Evaluate
Gold futures traded higher in early deals of Monday, extending gaining streak to fifth straight session as US Treasury bond yield notes continued negative trend and on Fed interest rate cut optimism. Meanwhile investors keenly eyed for release of US CPI inflation data later this week, which could provide further insights into the Fed's monetary policy direction. The yellow metal for most active contract marked gain of about 2.3% for the week.
 
Gold futures for February delivery up by $1.30 or 0.05% to $ 2,716.30 ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.77 or 0.10% to $2,686.99 an ounce.

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