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Gold futures trade lower on Monday

12 Apr 2021 Evaluate
Gold futures traded lower in early deals on Monday, amid the  US Treasury yields spiked after March producer price data showed uptick in inflation indicating the world's largest economy is steady on path for economic rebound from the damages caused by pandemics dulled safe haven demand of the bullion.

Gold futures for June fell by $6.10 or 0.3% at $1738.70 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.2% to $1,740.57 per ounce.