Gold Pushes Lower for Third Straight Session

Gains by the U.S. Dollar (USD) pushed gold prices into a third consecutive decline on Monday, with the yellow metal opening the week on a lower note, amid a weakened demand for safe-haven assets and an improvement in investors’ sentiment.

Gold front-month futures declined by $36.60, or 2.08%, and finished at $1,723.40 per ounce.

This marked the lowest closing level for gold futures since the end of March.

Meanwhile, silver futures maintained a downward trend for the fourth session in a row, losing about 4.4%, to close at $23.255 per ounce.