Gold futures traded lower in early deals of Tuesday, pressured by the strength in dollar and US Treasury bond yield notes. However, expectations that Federal Reserve will hold interest rates steady at its next policy announcement capped some losses in the session. US stock market was closed yesterday for labour day.
Gold futures for December delivery traded lower by $4.2 or 0.21% to $1962.9 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $ 5.27 or 0.27% at $ 1,937.42 per ounce.