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Gold futures trade lower in early deals of Monday

26 Aug 2024 Evaluate
Gold futures traded lower in early deals of Monday, saddled by the firmness in dollar and bond yield notes. Moreover technical correction after previous sessional rally with the affirmation of Federal Reserve chairman about interest rate cut also trimmed rates further.

Gold futures for December delivery down by $1 or 0.04% to $2,545.30 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $2.62 or 0.10% to settle at $2,509.97 an ounce.