Gold futures traded lower in early deals on Monday pressured by the firmness in dollar and Treasury bond yields. Moreover, hawkish remarks from Fed officials also saddled bullion investments. The yellow metal for the most active contract shrunk by 1.2% for the week.
Gold futures for June dipped by $28.60 or 1.40% to $ 1990.40 ounce on the Comex division of the New York Mercantile. Spot gold subdued by $2.31 or 0.12% to $1,980.75 per ounce.