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Gold futures edge lower on Monday

30 Jun 2014 Evaluate

Gold futures edged lower on Monday as investors expect a pickup in US economic growth this year and a gradual end to easy monetary policy. Moreover, the signs of weaker physical demand for the precious metal also dampened the investor’s sentiments.

Gold futures for August delivery edged down 0.3 percent at $1,316 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold was flat at $1,314.93 an ounce.