Gold prices ended Monday with a loss as a leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using other currencies.
As a result, April gold lost $6.60, or 0.5%, to settle at $1,311.90 an ounce. It fell 0.3% last week, but has climbed 2.9% since the end of last year based on the most-active contract as uneasy trade progress, grouped with a series of global growth downgrades, sent investors to seek cover in lower-risk pockets of the financial markets.
The SPDR Gold Shares ETF fell 0.5% in Monday dealings.
Source : Market Watch