Gold prices marked their lowest close in more than a week on Monday, extending a hefty loss from the previous session, which saw investors opt for equities in a rally that pushed the Dow industrials past 17,000 for the first time ever.
Gold for August delivery GCQ4 +0.10% fell $3.60, or 0.3%, to settle at $1,317 an ounce after losing more than $10, or 0.8%, on Thursday.
September silver SIU4 +0.10% also shed 12 cents, or 0.6%, to $21.01 an ounce.
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