Gold futures traded higher in early deals on Monday, kindled by softness in dollar. Besides, intensified bets over further Fed interest rate cuts followed by softer-than-expected US inflation data last week, and safe haven appeal with the escalating geopolitical tensions, also buoyed the precious metal investments. The yellow metal for the most active contract had marked 1.4% gain for the week.
Gold futures for February delivery up by $36.20 or 0.83% to $4,423.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose by $54.39 or 1.25% to $4,393.27 an ounce.
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