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.