April Gold Extends Losses To Settle Lower For a Second Session

Gold futures settled lower on Monday, extending their losses for a second session, in response to a firmer U.S. dollar and gains in the stock market. Gold, which is denominated in the U.S. currency, suffers when the greenback is strong as it makes the precious metal more expensive to buyers. April gold slid $10.10, or 0.8%, to settle at $1,244.20 while the U.S. Dollar Index rose 0.2% to 95.30 and the S&P 500 was poised for four-day winning streak.

Copyright © 2016 MarketWatch, Inc.