Gold futures finished lower on Monday, as the strength in dollar and US Treasury bond yield notes amidst prolonged elevated interest rates, dulled investment appeal of the bullion. Meanwhile, market awaited a series of economic reports and comments from Federal Reserve officials throughout the week for more cues on interest rate cut timeline.
Gold futures for August delivery down by $20.10 or 0.86% to settle at $2339.40 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $5.68 or 0.24% to $2,324.82 an ounce.