Gold News & Info

Source: Marketwatch

San Francisco— Gold futures fell Monday, but managed to cut their losses by the close as a rally in the broader U.S. stock market, concerns over global gold production and a partial recovery in oil prices helped lift the metal from a nearly two-week low.

Gold for August delivery fell $2.30 to close at $654.70 an ounce on the New York Mercantile Exchange. The contract had touched a low of $651.60, its weakest intraday level since June 14. It had climbed $2.80 an ounce on Friday but still ended last week with a loss of $1.70. See full story.