Gold futures edge lower on Monday

Gold futures edged lower on Monday on expectations that US borrowing costs will increase, and as assets in the largest exchange-traded product backed by the metal extended declines. Further, softer-than-expected US jobs report also supported the downside. Gold futures for December delivery edged down 0.25 percent at $1,174.40 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold fell as much as 0.9 percent to $1,168.10 an ounce.