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Gold futures trade lower in early deals on Monday

19 Jun 2023 Evaluate

Gold futures traded lower in early deals on Monday, as the investment appeal of the bullion dulled with the firmness in dollar followed by the hawkish remarks from US Federal Reserve. The yellow metal for the most-active contract had registered a weekly dip of 0.3% after two consecutive weekly gains.

Gold futures for August delivery dipped by $3.50 or 0.18% to $ 1967.70 ounce on the Comex division of the New York Mercantile. Spot gold down by $2.58 or 0.13% to $1,955.40 per ounce.