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Gold futures trade lower after seven consecutive sessional gains

15 Nov 2021 Evaluate
Gold futures traded lower in early deals of Monday after seven consecutive sessional gains and second straight weekly gain. Soaring inflation and safe haven appeal had lifted the bullion to  2.8% for the week. Profit booking at prevailing levels and the bullish dollar values is curbed the yellow metal buying.

Gold futures for December dipped by 0.48% or $9.00 to $1,859.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was down by $7.63 or 0.41% at $1,857.27 per ounce.