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Gold futures trade lower in early deals on Monday

27 Feb 2023 Evaluate
Gold futures traded lower in early deals on Monday, extending losing streak to fifth straight session pressured by the firmness in dollar and US Treasury Bond yields. Moreover, hawkish tone by Federal Reserve followed by upbeat economic data saddled yellow metal investments.

Gold futures for April dipped by $1.90 or 0.10% to $1815.20 ounce on the Comex division of the New York Mercantile. Spot gold lower by 0.12% or $2.22 to $1,808.82 per ounce.