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Gold futures trade lower in early deals on Monday

03 Apr 2023 Evaluate
Gold futures traded lower in early deals on Monday, as the stronger dollar saddled investment of greenback denominated bullion. Moreover, firmer Treasury bond yield notes and profit booking at prevailing levels also pressured the bullion. The precious metal for the most active contract had registered gain of 8.1% for the month and 8.8% rise for the quarter. 

Gold futures for June dipped by $13.00 or 0.65% to $1973.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $16.60 or 0.84% to $ 1,952.68 per ounce.

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