Gold futures traded higher in early deals of Monday, kindled by the softness in dollar and on declining US Treasury yields. Renewed anxiety over U.S. fiscal debt sustainability and long-term borrowing costs kindled yellow metal investments.
Gold futures for December delivery up by $14.90 to 0.32% to $ 4,695.50 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $ 37.88 or 0.82% to $ 4,640.95 an ounce.