Gold futures settle lower in pullback from recent gains

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Gold futures settled with a loss on Monday, with prices giving back a portion of the roughly 2% it gained last week. “Gold prices have strongly benefited from the drop in Treasury yields, but it looks like that rally has hit a brick wall,” said Edward Moya, senior market analyst at Oanda. “The recent bullion rally could struggle to break beyond the key resistance level of $1,800 unless Treasury yields match last week’s drop.” June gold
GCM21,
-0.51%
fell $9.60, or 0.5%, to settle at $1,770.60 an ounce.

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