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Gold futures trade lower in early deals of Monday

14 Jun 2021 Evaluate
Gold futures traded lower in early deals of Monday, as the stronger US currency made the yellow metal cheaper for other currency holders dulling gold investments. Moreover, cautious ahead to US Central Bank’s policy meeting this week amid the recent hike in inflation rates side-lined investors. Gold for the most active contract has posted a loss of 0.7% for the week.

Gold futures for August dipped by 0.6% to $1,867.60an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.6% at $1,864.58 per ounce.