Equity Tips:- Gold Futures Trade Lower On Monday

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Gold futures traded lower on Monday, weighed by a stronger dollar against a basket of major currencies in midst of peaking US treasury yields. Improved dollar index makes the bullion more expensive for foreign currency holders and thus would lead to low demand for the precious metal. Moreover, anticipations that the US central bank would raise interest rate soon has also put yellow metal under pressure.

 

Gold futures for June delivery traded down by 0.2 percent to $1,335.50 per ounce, on the Comex division of the New York Mercantile. While, Spot gold down by 0.1 percent at $1,333.20 per ounce.

 

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