Gold futures traded lower in early deals of Monday as the bullion investments got dulled after US dollar strengthened on China’s recommitment to its zero-COVID policy. The yellow metal investments further got pressured on intensified bets about Fed continuing sharper interest rate hikes.
Gold futures for December trade lower by $ 0.2 or 0.01% to $1676.6 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $0.4% to $1,674.12 per ounce.