The decline in the yellow precious metal comes as investors await a speech by Federal Reserve Chairwoman Janet Yellen and jobs data this week could help make a case for higher U.S. interest rates.
June gold GCM6, -0.19% declined by $1.50, or 0.1%, to settle at $1,222 an ounce, with prices for the contract marking their lowest settlement since Feb. 26. The SPDR Gold Trust GLD, +0.23% meanwhile, tacked on 0.2% Monday.
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