Gold futures traded slightly lower in early deals of Monday, pressured by the stronger dollar and on retreat after the yellow metal for the most active contract logged gain for about 1.05% for the week. However, losses were limited with the dip in bond yield notes and on prospects of three interest rate cuts by Federal Reserve next year.
Gold futures for February delivery down by $0.4 or 0.02% to $2035.30 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $ 3.37 points or 0.17% to $ 2,022.99 ounce.