Gold futures traded lower in early deals on Monday, as the safe haven appeal of the bullion dulled amid hawkish decision of Federal Reserve to combat surging inflation and on optimism over potential peace talks between Russia and Ukraine to reach cease fire agreement.
Gold futures for April trade lower by 0.3% to $1,923.90 per ounce on the Comex division of the New York Mercantile. While, spot gold was flat at $1,921.80 per ounce.