Gold futures traded lower in early deals on Monday, pressured by the strength in dollar and rising US Treasury bond yield notes. Besides, easing tensions in Middle East also dulled safe haven bullion investments. Meanwhile, participants keenly eyed President-elect Donald Trump’s inauguration later today. The yellow metal for the most active contract had logged third consecutive weekly gain of about 1.24%.
Gold futures for February delivery dipped by $3.70 or 0.13% to $2,745.00 ounce on the Comex division of the New York Mercantile. Spot gold down by $0.55 or 0.02% to $2,702.70 an ounce.
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