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Gold futures trade lower in early deals of Monday

08 Jan 2024 Evaluate
Gold futures traded lower in early deals of Monday, pressured by the elevated dollar and rising 10year Treasury bond yield notes. Besides, stronger-than-expected US employment data also saddled safe haven bullion bets.  Diminished bets on immediate interest rate trims also yellow metal investments. The yellow metal for the most active contract had registered loss of 1.06% for the week, first dip after three straight weekly gains.

Gold futures for February delivery were trading lower by $6.3 or 0.31% at $2043.50 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $9.29 points or 0.45% to $2,036.16 ounce.

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