Gold futures ended lower on Monday retreating from seven-week high level in the session, weighed down by the rebound in US 10-year Treasury yields which dulled non-yielding bullion’s investment appeal. Dollar which fell to more than a six-week low against its peers failed to support the greenback denominated yellow metal.
Gold futures for June slipped by 0.5% to settle at $1,770.60 an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.3% at $1,770.97 per ounce.