Gold News & Info

Source: Marketwatch

New York— Gold futures ended lower on Monday, extending their decline from last week, as other metals also posted losses. Gold for April delivery fell $2.40 to end at $971.80 an ounce on the New York Mercantile Exchange.

"Gold prices remained rather subdued after last week's roller-coaster pattern and as little fresh data emerged on the news front," said Jon Nadler, senior analyst at Kitco Bullion Dealers, in a note. On Friday, gold declined $2.90 to $974.20 and posted a weekly loss of 80 cents. Last Wednesday, gold surged to a record high of $995.20 an ounce, only a few dollar below the psychologically important level of $1,000 an ounce. On the currency markets, the dollar remained under pressure, giving up earlier ground against most rivals, particularly the yen, as U.S. stocks withered. See full story.