Gold futures trade lower in early deals of Monday, weighed down by a stronger greenback which posted a three and half month high rate making the bullion expensive for third currency holders. The yellow metal is trading just below the psychological benchmark level $1,800 per-ounce. Gold for the most active contract posted a dip of 0.7% for the week on Friday, after 4 consecutive weeks of gains.
Gold futures for August dipped by 0.2% to $1,798.90 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.1% to $1,799.89 per ounce.