Gold futures trade lower on Monday

Gold futures traded lower on Monday, sticking at 2018 lows as overall strength in dollar and interest-rate expectations from Federal Reserve eroded appetite for the precious yellow metal. Gold prices had logged a weekly loss of 1.3% through Friday, as well as a 3.8% June decline and a 5.5% drop for the quarter, leaving prices down more than 4% so far in 2018.

Gold futures for August delivery settled down 0.5 percent at $1,248.70 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down by 0.4 percent at $1,246.89 per ounce.

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