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.