Gold futures traded lower in early deals of Tuesday, pressured by the bets over interest rate hike by Federal Reserve in coming months. However, some losses remained capped on safe-haven appeal amid lingering uncertainties over global economic health. Stock markets in United States were closed on Monday for Juneteenth holiday.
Gold futures for August delivery dipped by $10 or 0.51% to $1961.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $0.35 or 0.02% to $1,950.13 per ounce.