COMMODITY
Gold futures trade lower on Monday
Aug-19-2019

Gold futures traded lower on Monday, as the market eyed for more stimulus from major central banks easing fears of a steep global economic down turn and dulling bullion investments. Besides, stronger dollar and positive trend in stock markets also weighed on the investment appeal of the yellow metal.

Gold futures for December fell 0.4% to $1,517.60 an ounce on the Comex division of the New York Mercantile.  Spot gold was down 0.5% at $1,506.00 per ounce.

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