Gold futures on Monday traded slightly lower as the dollar edged higher and as a run-up for the precious metal appeared to cool, amid signs of growing optimism around treatments for coronavirus and an easing of global lockdowns intended to slow the spread of the illness.

Moves for bullion appear somewhat muted as investors brace for expected weak data from quarterly results from corporations. About 20% of the S&P 500 will report earnings this week.

Gold for June delivery on Comex fell $4.90, or 0.3%, to $1,693.70 an ounce, after the metal declined 3.1% over last week's trade.

May silver meanwhile, was off a penny, or less than 0.1% on Monday, at $15.29 an ounce, after putting in a weekly loss of 4.7% on Friday.

Source : Marketwatch