Gold futures traded lower in early deals of Monday, pressured by the stronger dollar and rising bond yield notes. Moreover, expectation of an interest rate cut later this year, amidst easing inflation and better economic health. The yellow metal for the most active contract marked second consecutive weekly gain, jumping 2.25%.
Gold futures for April delivery down by $6.50 or 0.31% to $2089.2 per ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $1.90 points or 0.09% to $2,081.02 ounce.