Gold futures traded higher in early deals of Monday, kindled by the weakness in dollar and on declining bond yield notes. Additionally, safe haven appeal of the bullion got kindled followed by subdued US economic data and on reduced bets for an imminent Federal Reserve interest rate hike. The yellow metal for the most active contract had gained about 1.04% for the week.
Gold futures for December delivery up by $15.00 to 0.34% to $4,452.30 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $21.20 or 0.48% to $4,397.60 an ounce.