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Gold futures trade lower on Monday

Gold futures traded lower on Monday, owing to firmer dollar amid worries about escalating trade conflict between the United States and China, after US President Donald Trump wanted to move ahead on a plan to impose tariffs on Chinese imports worth $200 billion.

Gold futures for December delivery traded lower 0.4 percent at $1,202.50 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down 0.3 percent at $1,196.93 ounce.

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