Gold futures traded lower in early deals of Monday, pressured by the firmness in dollar and US Treasury bond yield notes. Meanwhile, investors eyed to a series of central bank policy meetings later this week, including the US Federal Reserve’s decision. The yellow metal for the most active contract rose nearly 3% for the week.
Gold futures for April delivery down by $4.70 or 0.16% to $2,996.40 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.73 or 0.06% to settle at $2,985.89 an ounce.