Gold futures trade lower on upbeat Chinese data

Gold futures trade lower on Monday, owing to firmness in dollar and stock indices followed by positive China factory data. China's Factory activity unexpectedly returned to growth in November for the first time in seven months. Though, some losses were trimmed as the Sino-US trade conflicts still lingers.

Gold futures for December US gold futures dropped 0.4% to $1,467.30 per ounce on the Comex division of the New York Mercantile. Spot gold was down 0.3% at $1,461.15 per ounce.

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