Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens.
Gold for December delivery fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending Thursday at the latest in a string of more-than six-year highs.
In other metals trade, October platinum rose $5.30, or 0.6%, to end at $856.80 an ounce, while September palladium rose $33, or 2.2%, to finish at $1,474.30 an ounce.
September copper rose 0.3% to settle at $2.6015 a pound.