Gold futures finished lower on Monday, due to caution ahead to European Central Bank’s key monetary policy announcement. Higher interest rates dull the investment appeal of the non-yielding bullion. However, weaker dollar and an easing US Treasury Bond yields limited some losses.
Gold futures for August narrowed $5.50 or 0.30% to $1824.80 ounce on the Comex division of the New York Mercantile. Spot gold was flat at $1824.51 per ounce.