Gold futures traded lower in early deals of Monday, saddled by the stronger dollar and on lingering high interest rates. Meanwhile, investors cautiously eyed on this week’s US inflation data which might influence Federal Reserve monetary policy. The yellow metal for the most active contract logged 1.2% gain for the week.
Gold futures for April delivery dipped by $7.50 or 0.37% to $2041.90 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $11.01 points or 0.54% to $2,035.40 ounce.