Gold Solidly Lower Amid Rallies in U.S. Dollar, World Stock Markets

Gold prices ended the U.S. day session lower Monday, pressured by good gains in the U.S. dollar index and by rallies in the competing asset class, the world equities markets. Lower crude oil prices were also an underlying negative for the precious metals Monday. The gold and silver bulls are fading after showing some fleeting strength last week. April Comex gold was last down $15.60 at $1,181.80 an ounce. May Comex silver was last down $0.384 at $16.69 an ounce.

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