Gold futures ended near one year lower level on Monday, as the optimism over restarting global economy with the vaccine rollout gripped up boosting dollar and bond yields, dulling safe haven bullion investments. The yellow metal for the most active contract settled at their lowest since March 8.
Gold futures for April slipped by 1.7% or $28.30 to settle at $1,683.90 an ounce on the Comex division of the New York Mercantile. Spot gold dipped by 1.72% to $1,682.58 per ounce.