Gold futures settle lower for a third straight session

Gold declined on Monday to tally a third straight session loss. “The risk-off tone from equity and bond markets helped to support the dollar,” causing buck-denominated gold and silver to drop, said Fawad Razaqzada, market analyst at ThinkMarkets. However, with Treasury yields going lower, “this has reduced some of the bearish bias on gold, which has been struggling for direction over the past few months,” he said, adding that gold “could be about to stage a rebound.” February gold
GCG21,
+0.24%
fell $1, or nearly 0.1%, to settle at $1,855.20 an ounce.