Gold futures traded slightly lower in early deals on Monday, with the cautious outlook in the market ahead to speeches by Federal Reserve policymakers due this week for further clues on the US central bank’s approach to inflation. However, weaker US currency limited losses.
Gold futures for December delivery inched 0.1% lower to $1,960.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.2% to $1,953.37 an ounce.