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Gold futures trade lower in early deals on Monday

25 Sep 2023 Evaluate

Gold futures traded lower in early deals on Monday, on strength in dollar and rise in US Treasury bond yield notes. Additionally, investment appeal of the bullion dulled with the lingering high interest rates. The bullion for the most active contract marked a slight loss of 0.03% for the week.

Gold futures for December delivery slipped by $2.30 or 0.12% to settle at $1943.30 ounce on the Comex division of the New York Mercantile. Spot gold declined by $1.32 or 0.07% at $1,923.91 per ounce.