Gold futures traded lower in early deals on Monday pressured by the firmness in dollar followed by better than expected US payroll data and on intensified bets over halting Fed interest rate hike this month. However, the yellow metal for the most active contract had rose about 1.3% for the week, marking first gain after three consecutive weekly declines.
Gold futures for July delivery down by $6.70 or 0.34% to settle at $1953.90 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $0.62 or 0.03% to $1,947.35 per ounce.