Gold futures traded lower in early deals on Monday, pressured by the strength in dollar and on rise in US Treasury bond yield notes. Rising benchmark interest rates also saddled investment appeal of the bullion. Meanwhile, the yellow metal for the most active contract posted weekly loss of 0.3 %.
Gold futures for August delivery dipped by $7.60 or 0.38% settle at $1992.30 ounce on the Comex division of the New York Mercantile. Spot gold diminished by $5.39 or 0.28% at $1,954.10 per ounce.