Gold futures extended losses to sixth straight session in early deals on Monday, as the investment appeal of the non-yielding bullion dulled followed by strength in headwind dollar and on increased bets over continuation of Fed interest rate hike. The yellow metal for the most active contract had marked 2.9%loss for the week.
Gold futures for December dipped by $3.20 or 0.1% to settle at $1762.90 ounce on the Comex division of the New York Mercantile. Spot gold was down by 0.1% to $1,746.06 per ounce.