COMMODITY
Gold futures trade lower in early deals on Monday
Oct-07-2024

Gold futures traded lower in early deals on Monday, saddled by the curtailed bets on 50 bps interest rate cut in November Federal Reserve meeting after better-than-expected latest US jobs data.  Additionally, firmness in dollar and bond yield notes also pressured precious metal investments. The yellow metal for the most active contract had dipped slightly about 0.1% this week.

Gold futures for December delivery down by $1.80 or 0.07% to $2666.00 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $5.94 or 0.22% to $2,647.66 an ounce.


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