Gold futures trade lower in early deals of Monday
Gold futures traded lower in early deals of Monday, saddled by strength in dollar and on rising bond yield notes. Bets that the Federal Reserve will keep interest rates higher for longer, and the dulled safe haven appeal with the reports of US-Iran peace discussions also pressured the investments. The yellow metal for the most active contract had marked loss of about 2% for the week.
Gold futures for June delivery down by $21.80 to 0.47% to $4,622.70 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $6.07 or 0.13% to $ 4,608.14 an ounce.
