Gold futures traded lower in early deals of Monday weighed down by the dollar which has strengthened to a 9-1/2-month high rate. Moreover, profit booking after the yellow metal gained on safe haven bullion appeal added the down side. Gold for the most active contract had posted a 0.3% gain for the week.
Gold futures for December were down 0.2% to $1,780.40 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.1% to $1,779.12 per ounce