Gold Ends Weaker As U.S. Dollar Shows Powerful Rebound

Gold prices ended the U.S. day session moderately lower Monday as a solid rally in the U.S. dollar index the past week has the precious metals markets once again on the defensive. June Comex gold was last down $4.90 at $1,199.70 an ounce. May Comex silver was last down $0.082 at $16.30 an ounce.

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