Gold futures traded higher in early deals of Monday, kindled by a weaker dollar as traders awaited more information on Sino-US trade talks. Additionally, investors are focusing on the upcoming U.S. Federal Reserve policy meeting, where the central bank is expected to maintain current interest rates despite Trump's calls for a cut. The yellow metal for the most active contract had marked loss of about 1.7% for the week.
Gold futures for June delivery up by $23.70 or 0.73% at $3,267.00 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $14.28 or 0.44% to settle at $3,254.77 an ounce.