Gold futures traded lower in early deals of Monday, extending Friday’s losses as the perceived haven dollar picked up ahead to this week’s US consumer Price Index (CPI) data and US Fed meeting. However, the yellow metal for the most-active contracts had gained 0.4% for the week.
Gold futures for August down by $5.40 or 0.27% to $1971.80 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by 0.19% or $3.66 to $ 1,957.53 ounce.