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Gold futures trade marginally lower on Monday

Gold futures traded marginally lower on Monday, as hedge funds and money managers trimmed their net long positions. However, losses remained capped as US dollar fell against a basket of currencies.

Gold futures for April delivery slipped 0.2 percent to $1,353.10 per ounce on the Comex division of the New York Mercantile. While, spot gold was up by 0.2 percent to $1,350.51 per ounce.

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