COMMODITY
Gold futures trade higher in early deals of Monday
Feb-17-2025
Gold futures traded higher in early deals of Monday, kindled by the softness in dollar and on weakness in US Treasury bond yield notes. Besides, safe haven appeal amidst US President Donald Trump’s tariff threats, and the Federal Reserve’s monetary policy outlook also buoyed the yellow metal rates.The yellow metal for the most active contract marked 0.45% gain for the week marking sixth consecutive weekly rise.

Gold futures for April delivery rose by $14.10 or 0.49% to $2,914.80 ounce on the Comex division of the New York Mercantile. While, spot gold up by $20.79 or 0.72% to settle at $2,903.32 an ounce.

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