Gold futures finished lower for the sixth straight session on Monday, on account of surge in dollar. The yellow metal settled at lowest rate in 4 weeks. The green back soared to five week peak level, making the dollar denominated bullion expensive for foreign buyers. Higher interest rate also dulled investment appeal of the non-yielding bullion.
Gold futures for December dipped by $14.50 or 0.8% to settle at $1748.40 ounce on the Comex division of the New York Mercantile. Spot gold shrunk by 0.7% to $1,736.03 per ounce.