Gold futures traded lower in early deals on Monday, pressured by the strength in headwinds dollar and Treasury bond yield notes. Additionally, looming woes over continued interest rate hike by Federal Reserve also dulled investment appeal of the bullion. The gold for the most active contract had dipped about 20 cents for the week, along with its 2.7% loss for the month and 2.9% for the quarter.
Gold futures for August delivery down by $5.40 or 0.28% to $1924.00 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $1.85 or 0.10% to $1,917.50 per ounce.