Gold futures traded lower in early deals on Monday as the dollar strengthened, reaching near one-year highs. Woes over inflation fears with hiking crude oil rates and hawkish signal from Federal Reserve pressured yellow metal investments. Bullion for the most active contract had marked 1.83% loss for the week.
Gold futures for August delivery down by $14.60 to 0.36% to $4,081.70 an ounce on the Comex division of the New York Mercantile. Spot gold dipped by $20.33 or 0.50% to $4,068.41 an ounce.