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Gold futures trade lower in early deals on Monday

14 Aug 2023 Evaluate

Gold futures traded lower for in early deals on Monday, extending losing streak for sixth straight session with the robust dollar and US Treasury bond yield notes. The yellow metal for the most active contract dipped about 1.4% for the week, registering worst week since late June.

Gold futures for December delivery slipped by $2.40 or 0.12% to settle at $1944.20 ounce on the Comex division of the New York Mercantile. Spot gold declined by $0.78 or 0.04% at $1,912.98 per ounce.