Gold prices drifted lower on Monday, pushing the most active gold futures contract to its lowest close in about three weeks, as the dollar firmed up and the yields on U.S. Treasury Notes rose.

The dollar index advanced to 92.96, gaining about 0.2%. The yield on U.S. 10-year Treasury Note rose to over 1.70%.

Gold futures for April ended down $20.10 or about 1.2% at $1,712.20 an ounce, the lowest close since March 8.

Gold futures slid to a low of $1,703.30 an ounce around mid morning before recovering some lost ground.

Silver futures for May ended lower by $0.343 or 1.4% at $24.771 an ounce, while Copper futures settled at $4.0345 per pound, losing $0.0335 or about 0.8%.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.