Gold Closes Lower Amid Improved Risk Appetite

Gold prices declined on Monday, due to lower investors’ demand on the yellow metal. Despite the relative decline in the U.S. Treasury bond yields, which remain near their highest level in a year, a positive performance by stock markets reduced demand for safe havens.

Gold futures for April delivery closed lower by $3.60, or 0.2%, at $1,738.10 per ounce.

Last week, the yellow metal’s most active contract achieved a weekly gain of about 1.3%.