Gold News & Info

Source: Marketwatch

New York— Gold closed lower Monday, falling from a one-month high, as investors adjusted expectations for economic growth and the metal tracked earlier declines in U.S. stocks and oil prices. Gold for April delivery closed at $1,113.10 an ounce, down $9, or 0.8%. It earlier touched $1,131.50, the highest in a month. The day's move was part of a bigger shift away from so-called risky assets, including stocks and oil, as investors reassessed newfound faith in the pace of economic recovery.

For much of the session, U.S. stocks traded slightly lower. The dollar turned higher against the euro, which also tends to reduce interest in gold as an alternative investment. "The market today is churning, waiting for a catalyst and more headlines to come from economic data as the week progresses," said John Stoltzfus, a senior market strategist at Ticonderoga Securities. "The dollar is a little stronger so there could be a technical aspect" at play as well. See full story.