Gold News & Info

Source: Marketwatch

New York— Gold futures ended Monday's session down slightly, falling for the first session in fifth as the U.S. dollar fluctuated against its major rivals. Copper moved higher. August gold fell 30 cents to end at $940.70 an ounce on the Comex division of the New York Mercantile Exchange. It rose to $943.20 earlier. The metal ended last week's trading up for the first week in four. For the month, it's still down about 4%.

Gold's "primary focus remains on U.S. dollar movements, but volatility could also come this week from the cyclical process of quarter-end book-squaring processes," said Jon Nadler, senior analyst at Kitco Metals Inc. For the second quarter, gold has gained about 2%, as the dollar weakened against its major rivals. Gold is also up about 6% in the first half of the year. Trading is expected to remain "choppy" this week, said James Moore, an analyst at TheBullionDesk.com, "although overall the metal appears comfortable in the recent $930 to $950 range." See full story.