Skip to main content

MoneyWorks4Me

Gold futures trade lower in early deals of Monday

25 Apr 2022 Evaluate
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.