Home / Market Update / Commodities / Gold Settles at Lowest Level in Week

Gold Settles at Lowest Level in Week

Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields.

Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce.

This is the lowest closing level for the yellow metal most active contracts in about a week, since April 5, abolishing most of its gains of last week.

Check Also

European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of the …