Gold futures traded lower in early deals of Monday, saddled by the strength in dollar and on uncertainty over US interest rates. However, some losses remained trimmed on safe haven appeal after rebel forces took over Syria’s capital Damascus and ousted President Bashar al-Assad, who fled to Russia.
Gold futures for February delivery down by $0.90 or 0.03% to $2658.70 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $3.34 or 0.13% to $2,636.71 an ounce.