COMMODITY
Gold futures trade higher in early deals on Monday
Jun-21-2021
Gold futures traded higher in early deals on Monday, kindled by a weaker US bond yields which reduced opportunity cost of holding bullion and on safe haven appeal of the bullion amid continued surge in covid cases world-wide. However, firm dollar capped more gains in the yellow metal. Gold for the most active contract had posted a weekly loss of 5.9% for the week. 

Gold futures for August jumped by 0.2% to $1,772.00 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.5% at $1,772.34 per ounce.

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