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Gold futures trade lower in early deals on Monday

18 Jan 2021 Evaluate
Gold futures traded near one and half year low level in early deals on Monday, weighed down by the firmer US currency and risk appetite in the market. However, US President elect Joe Biden’s $1.9 trillion stimulus package proposal to jump-start the economy limited some losses.

Gold futures for February delivery eased 0.7% to $1,816.80 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.3% to $1,820.46 per ounce.