Gold futures traded lower in early deals on Monday, as the safe-haven demand dulled after President Donald Trump agreed to delay the planned 50% tariff on European goods. Last week the yellow metal for the most active contract had climbed over 5%, supported by trade uncertainty and mounting concerns over the US economic and fiscal outlook.
Gold futures for August delivery dipped by $18.30 or 0.54% to $3,376.20 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $9.11 or 0.27% to $3,348.40 an ounce.