Gold futures traded lower in early deals of Monday, pressured by the stronger dollar and on tensions over uncertainty about Federal Reserve’s interest rate cuts early this year. The yellow metal for the most active contract had registered loss for the week of about 1.08%.
Gold futures for February delivery down by $0.90 or 0.04% to $2028.40 per ounce on the Comex division of the New York Mercantile. Spot gold declined by $3.48 points or 0.17% to $2,026.01 ounce.