Gold futures traded higher in early deals on Friday, kindled by the softness in dollar an on weaker bond yield notes. The yellow metal for the most active contract has surged about 65% this year, backed by expectations of lower US borrowing costs, looming geopolitical uncertainty, sustained central bank buying, and renewed inflows into gold-backed ETFs.
Gold futures for February delivery up by $45.70 or 1.05% to $4,386.80 an ounce on the Comex division of the New York Mercantile.