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Gold futures trade lower in early deals on Monday

28 Mar 2022 Evaluate
Gold futures traded lower in early deals on Monday, as the safe haven appeal of the bullion dulled followed by optimism over next week’s Russia-Ukraine peace talks. Additionally, stronger dollar and positive trend in US Treasury Bond yields dragged gold investments further. However, resurgence in covid-19 cases in China and the concerns over global economic ramifications amid ongoing geo-political tensions had lifted the yellow metal about 1.3% last week.
 
Gold futures for April dipped by 0.2% to $1,949.70 on the Comex division of the New York Mercantile. Spot gold fell by 0.5% to $1,947.90 per ounce.