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Gold futures trade sharply higher in early deals on Monday

12 Jan 2026 Evaluate

Gold futures traded sharply higher in early deals on Monday, kindled by the safe haven appeal of the bullion followed by the concerns over the Federal Reserve's independence and heightened geopolitical tensions. Additionally, weaker than expected December Job’s data spurred expectations of more US interest rate cuts buoying yellow metal investments.

Gold futures for February delivery up by $81.20 or 1.80% to $4,582.10 an ounce on the Comex division of the New York Mercantile. Spot gold rose by $56.24 or 1.25% to $ 4,566.27 an ounce.

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