Gold futures fell on Monday, giving back some of last week’s sizable gains as prospects for a U.S. interest-rate hike later this year helped provide a lift to the U.S. dollar, dulling investment demand for the precious metal.December gold GCZ5, +0.04% lost $5, or 0.4%, to settle at $1,132.80 an ounce on Comex. Prices rose 1.9% on Friday to tally a weekly gain of about 3.1% last week after the Federal Reserve left interest rates unchanged at its latest meeting.
December silver SIZ5, -0.20% meanwhile, edged up by 5.8 cents, or 0.4%, on Monday to $15.221 an ounce.
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