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Gold futures trade lower in early deals on Monday

06 Jan 2025 Evaluate
Gold futures traded lower in early deals on Monday, saddled by the strength in dollar and on rising bond yield notes followed by expectations of fewer Fed interest rate cuts. Meanwhile, investors cautiously awaited for a series of US economic data releases this week. Albeit, the yellow metal for the most active contract marked 0.86% gain for the week. 

Gold futures for February delivery down by $ 4.10 or 0.15% to $ 2,650.60 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $ 3.33 or 0.13% to $ 2,636.89 an ounce.

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