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Gold futures trade lower in early deals on Monday

16 Dec 2024 Evaluate
Gold futures traded lower in early deals on Monday, saddled by the projections of trim in pace of Fed interest rate cuts in 2025. The yellow metal for the most active contract had marked 0.6% gain for the week amidst persisting geopolitical tensions in the Middle East.

Gold futures for February delivery down by $4.10 or 0.15% to $2,671.70 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $5.68 or 0.21% to $2,653.91 an ounce.