Gold futures traded lower in early deals on Monday, after three straight sessional gains, on persisting risk appetite in the market ahead to this week’s US inflation which is a major gauge on Federal Reserve’s monetary policy path. The yellow metal for the most active contract had marked 0.6% dip this week.
Gold futures for December delivery down by $7.8 or 0.32% to $ 2465.60 per ounce on the Comex division of the New York Mercantile. Spot gold dipped by $7.20 or 0.29% to settle at $2,466.20 an ounce.