COMMODITY
Gold futures trade sharply lower in early deals of Monday
Apr-22-2024
Gold futures traded sharply lower in early deals of Monday, as the investment appeal of the bullion saddled by the stronger dollar and rising US 10year Treasury bond yield notes. Moreover, profit taking after the yellow metal notched fresh record-high settlement on Friday followed by intensified Israel-Iran tensions. The yellow metal for the most active contract had registered a weekly advance of 1.7%, marking largest weekly gain in two weeks.

Gold futures for June delivery dipped to $30.1 or 1.25% to $2383.70 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $21.63 points or 0.90% to $2,370.30 an ounce.

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