Gold futures traded lower in early deals on Monday, retreating from previous session’s gains with the technical selling at prevailing rates. However, the yellow metal held above the key $1800 benchmark as the daily infected cases in Europe surging to 10000 and death tolls to 7 lifted some safe haven bullion investments. The yellow metal for the most active contract had marked a gain of 1.1% for the week.
Gold futures for February were down 0.2% at $1,801.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.2% at $1,800.42 per ounce.