COMMODITY
Gold futures trade lower in early deals of Monday
Jul-04-2022
Extending losing streak to the sixth straight session, Gold futures traded lower in early deals of Monday. The positive dollar value dulled the investment appeal of the bullion, as it makes the green back denominated yellow metal costlier for other currency holders. The precious metal had marked 1.2% dip for the week and 2% loss for the month of June amid looming interest rate hikes. Higher interest rates dulls investment appeal of the non-yielding bullion. 

Gold futures for August trimmed by $11.20 or 0.62% to $1812.70 ounce on the Comex division of the New York Mercantile. Spot gold dipped by 0.2% to $1,807.19 per ounce.

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