| Equities, yields, oil, the dollar and gold were all in pull-back mode on Monday as the metal failed to capitalize on renewed worries about US and global economic growth. Traders in gold futures in New York pushed gold for delivery in June, the most active contract, to a week low of $1,215.70 an ounce in early afternoon dealings.
The weakness on gold markets since the 13-month high above $1,260 an ounce reached mid-March hasn't shaken the conviction of deep-pocketed speculators that the metal is set to add to its $155 an ounce gain so far this year...............................................Full Article: Source
|