Gold futures traded down in early deals on Monday, saddled by investment appeal of the bullion after the expectations over more 50 bps Fed interest rate cut trimmed after better-than-expected US jobs data and inflation report. Meanwhile, participants keenly awaits for retail sales reports and speeches from several Fed officials for further cues on monetary policy. The yellow metal for the most active contract had marked weekly gain of 0.31%.
Gold futures for December delivery down by $2.90 or 0.11% to $2,673.40 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $1.22 or 0.05% to $2,657.81 an ounce.