Commodity Tips- :- Gold Futures Trade Tad Higher On Monday

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Gold futures traded marginally higher on Monday, backed by the cautiousness spread due to the report which said that US economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years. However, the yellow metal pares some gains as the dollar remains unchanged.

 

Gold futures for June delivery traded up 0.1 percent at $1,324.40 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up by 0.1 percent to $1,323.20 per ounce.

 

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