COMMODITY
Gold futures trade higher in early deals of Monday
Mar-03-2025
Gold futures traded higher in early deals of Monday, kindled by the safe haven appeal amidst concerns over US President Donald Trump tariff policies, which include proposed duties on Mexican, Canadian, and Chinese goods. Additionally, a retreat in the US dollar from a two-week high and increased market expectations for Federal Reserve interest rate cuts, also fuelled the yellow metal investments. The yellow metal for the most active contract had marked biggest weekly drop since November by falling 3.5% for the week.

Gold futures for April delivery rose by $25.60 or 0.90% to $2,874.10 ounce on the Comex division of the New York Mercantile. While, spot gold up by $6.34 or 0.22% to settle at $2,864.17 an ounce.

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