Gold futures finished slightly lower on Monday, as the dollar and Treasury yields rallied following stronger-than-expected US jobs data. Bets that the Federal Reserve could raise interest rates by year-end, also dulled investment appeal of the bullion. Meanwhile, market players keenly awaited US CPI and PPI data later this week for fresh signals on the Fed’s policy outlook.
Gold futures for August delivery edged down by $1.93 to 0.04% to settle at $4,363.40 an ounce on the Comex division of the New York Mercantile. While, spot gold eked higher by $1.65 or 0.04% to $4,331.82 an ounce.