Gold futures trade higher in early deals of Tuesday
Rebounding from five straight session losses, Gold futures traded higher in early deals of Tuesday as dollar dropped witch making the green back denominated bullion cheaper for other currency holders. Moreover, safe haven appeal of the bullion amid intensified fears over global economic slowdown lifted the yellow metal investments. The US stock market was closed on Monday for Independence Day.
Gold futures for August rose $10 or 0.56% to $1801.50 ounce on the Comex division of the New York Mercantile. Spot gold dipped by 0.2% to $1,807.19 per ounce.