Gold futures marginally down on Monday

Mumbai-India (Apr 7)  Gold futures were marginally lower on Monday as investor worries about an early US interest rate hike eased when the nonfarm payrolls report failed to meet market expectations. However, markets in major gold buyer China closed for a public holiday restricted the further movement in precious metal price.

Gold futures for April delivery edged lower to $1300 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold  edged lower to $1,299 an ounce by 07:00 am EST.

Source: india-online