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Gold futures trade lower in early deals on Monday

12 Jul 2021 Evaluate
Gold futures trade lower in early deals on Monday, weighed down by some profit booking after the bullion posted sharpest weekly rise in 7 weeks. However, receding concerns over global economic rebound amid surge in covid-19 capped some losses.

Gold futures for August dipped by 0.1% to $1,809.30 an ounce on the Comex division of the New York Mercantile. However, spot gold rose 0.1% to $1,809.34 per ounce.