Gold futures trade lower in early deals on Monday
Gold futures traded lower in early deals on Monday, saddled by the firmness in dollar and on rising bond yield notes. Moreover, soaring crude oil rates followed by renewed hostilities in the Strait of Hormuz also pressured the yellow metal investments.
Gold futures for June delivery tumble by $65.70 to 1.35% to $4,813.90 an ounce on the Comex division of the New York Mercantile. Spot gold down by $35.58 or 0.74% to $ 4,794.76 an ounce.
