Gold futures trade flat on Monday

Gold futures traded flat on Monday amid the firming dollar on reports that China has cancelled trade talks with the United States. Besides, investors are also eyeing this week’s US Federal Reserve meeting for guidance on future rate hikes also fuelled the uptrend.

Gold futures for December delivery remained unchanged at $1,201.1 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down 0.2 percent at $1,196.51 ounce.

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