Precious metals end lower at Comex

Gold ends at lowest levels in more than two weeks

Bullion metals ended moderately lower on Monday, 21 April 2014 at Comex. Gold futures extended their slide to close at their lowest point in more than two weeks. Many European and Asian markets were closed Monday due to the Easter holiday, which made for a more subdued trading day in the U.S. The U.S. economic data release slate was also light Monday and included the Chicago Fed national activity index and leading economic indicators. Neither of those reports provided much impetus to the precious metals markets.

Gold for June delivery fell $5.40, or 0.4%, to settle at $1,288.50 an ounce on the Comex division of the New York Mercantile Exchange.

May silver also took a hit, losing nearly 25 cents, or 1.3%, to $19.35 an ounce.

On the economic front at Wall Street, the Leading Indicators report for March met expectations, showing a 0.8% increase that marked the third consecutive monthly increase. That was up from 0.5% in February and could be construed as an encouraging indication for future growth.

Powered by Capital Market - Live News