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Gold futures trade higher in early deals of Monday

19 May 2025 Evaluate
Gold futures traded higher in early deals of Monday, rebounded after its steepest weekly drop in six months. Safe haven appeal of the yellow metal got kindled amidst concerns over the US economic outlook and budget deficit. The yellow metal for the most active contract had marked loss of about 4.2% for the week.

Gold futures for June delivery rose by $30.80 or 0.97% to $3,218.00 an ounce on the Comex division of the New York Mercantile. While, spot gold higher by $14.10 or 0.44% to $3,217.75 an ounce.