COMMODITY
Gold futures trade higher in early deals on Monday
Dec-30-2024
Gold futures traded higher in early deals on Monday, kindled by the safe haven appeal of the bullion amidst worries over Federal Reserve's monetary policy outlook and President-elect Donald Trump's tariff policies. Besides, geopolitical risks from the ongoing Russia-Ukraine conflict and tensions in the Middle East continued to support the yellow metal investments. The yellow metal for the most active contract had marked 0.5% loss for the week, and is in track for a 27% gain for the year so far.

Gold futures for February delivery up by $7.90 or 0.30% to $2,639.80 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $5.95 or 0.23% to settle at $2,627.35an ounce.

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