Gold futures traded lower in early deals on Monday, pressured by the strength in dollar and on stronger-than-expected economic data. Moreover, intensified bets that the Federal Reserve might maintain higher interest rates for longer, also dulled investment appeal of the bullion.
Gold futures for April delivery slipped by $66.90 to 1.30% at $ 5,091.80 an ounce on the Comex division of the New York Mercantile. Spot gold down by 79.87 or 1.54% to $ 5,091.87 an ounce.
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