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Gold futures trade lower in early deals on Monday

07 Aug 2023 Evaluate

Gold futures traded lower in early deals on Monday, as the investment appeal of the bullion got pressured by the strength in dollar and US Treasury bond yield notes. The yellow metal for the most active contract had posted 1.2% loss for the last week.

Gold futures for December delivery down by $1.10 or 0.06% to $1976.10 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $4.18 or 0.22% at $1,938.73 per ounce.