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Gold futures trade sharply higher in early deals of Monday

05 Jan 2026 Evaluate
Gold futures traded sharply higher in early deals of Monday, kindled by softer dollar and on safe haven appeal of the bullion with the geopolitical tensions following the US ouster of Venezuelan President Nicolas Maduro. The yellow metal for the most active contract had declined about 5% for the week, albeit it ended the previous year with its strongest annual gain since 1979 climbing about 65%.

Gold futures for February delivery up by $79.80 or 1.84% to $4,409.40 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $72.57 or 1.68% to $4,404.86 an ounce.

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