Gold futures traded lower in early deals of Monday, as the persisting elevated interest rates, and stronger dollar saddled investment appeal of the bullion. Meanwhile, US annual headline inflation accelerated to 2.7%, while the annual core rate remained at 2.8%, contrary to forecasts of a slowdown to 2.6%. However, easing bond yield notes capped some losses in the session.
Gold futures for June delivery down to $6.40 or 0.27% to $ 2340.80 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $ 7.98 points or 0.34% to $ 2,329.98 an ounce.