Gold futures traded lower in early deals of Monday, pressured by the firmness in dollar and on rising bond yield notes. Moreover, dampened expectations for early interest rate cuts followed by hotter inflation figures also dulled investment appeal of the non-yielding bullion.
Gold futures for April delivery dipped by $11.30 or 0.52% to settle at $2150.20 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $8.38 points or 0.39% to $2,147.52 ounce.