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Gold futures trade lower in early deals of Monday

05 Feb 2024 Evaluate

Gold futures traded lower in early deals of Monday, pressured by the firmness in dollar and bond yield notes after better than expected US job data of January. However, the yellow metal for the most active contract had registered 0.86% gain for the week.

Gold futures for February  down  by $0.20 or 0.01% to settle at $2053.50  ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $7.94 or 0.39% or $2,031.82 per ounce.