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17-Dec2018

Gold futures trade tad lower on Monday

Gold futures traded marginally lower on Monday, owing to a firmer dollar and cautious outlook among investors ahead to Federal Open Market Committee (FOMC) meeting on December 18 and 19. Moreover, global growth concerns also weighed on the bullion investments.

Gold futures for February delivery traded down 0.1 percent at $1,239.30 per ounce, on the Comex division of the New York Mercantile, While spot gold slipped 0.2 percent to $1,236.30 per ounce.


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