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.
Latest posts by Market Watch (see all)
2021-03-22
Read More: Gold ends lower on the back of a drop in the Turkish lira, strength