Gold futures traded higher in early deals of Monday, despite dulled demand for the safe-haven asset after easing trade tensions between the US – China. While, the US dollar index rose nearly 0.3%, putting pressure on gold demand, making bullion expensive for the overseas buyers. Meanwhile, investors awaited key data releases this week include the job openings report, U.S. Personal Consumption Expenditures, and the non-farm payrolls report to gauge the U.S. Federal Reserve's policy outlook.
Gold futures for June delivery up by $5.7 or 0.17% to $3304.1 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $27.13 or 0.82% to $ 3,292.59 an ounce.