Gold ends lower on the back of a drop in the Turkish lira, strength
Gold futures ended lower on Monday, with some analysts attributing the loss to prospects for lower demand for the metal from major gold buyer Turkey on the back of a drop in the Turkish lira. Strength in the U.S. stock market, with technology stocks leading the way, also weighed on haven demand for gold. April gold fell $3.60, or 0.2%, to settle at $1,738.10 an ounce. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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