Gold futures trade lower in early deals of Monday, extending losing streak to fifth straight session pressured by the firmness in dollar amid anticipations over a faster and aggressive interest rate hike by Federal Reserve. However, weakness in bond yields, soaring inflation and persisting contingencies surrounding Ukraine-Russia war capped some losses.
Gold futures for June down 0.6% at $1,923.30 ounce on the Comex division of the New York Mercantile. While, spot gold down 0.3% at $1,923.74 per ounce.