Gold futures traded lower in early deals on Monday, saddled by the stronger dollar and on accelerated bets over continued interest rate hikes by Federal Reserve. Besides, stronger US Treasury Bond yield notes also triggered downward momentum. However, the yellow metal for the most active contract eked 0.1% gain for the week.
Gold futures for August delivery dipped by $4.90 or 0.25% settle flat at its previous close at $1961.70 ounce on the Comex division of the New York Mercantile. Spot gold down by $1.43 or 0.07% at $ 1,960.51 per ounce.