: Gold futures post back-to-back session losses
Gold futures declined Monday to post back-to-back session losses. Prices for the metal have been “easing back rapidly from last week’s banking-scare peaks as the [banking] depositors’ rush for the exits takes a breather, and European and U.S. banking shares rally,” said Adrian Ash, director of research at BullionVault. Gold for April delivery GCJ23 fell $30, or 1.5%, to settle at $1,953.80 an ounce on Comex. Investors helped to boost prices for gold above $2,000 last week on an intraday basis.
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