Gold futures score first gain in four sessions

Gold futures finished higher on Monday, bouncing off their lowest level since mid-March and putting an end to three-session streak of declines as the U.S. dollar and stock market weakened.

Gold for August delivery on Comex GCQ5, +0.22%  gained $5.50, or 0.5%, to $1,173.60 an ounce, after losing more than 2% over the three previous trading sessions. July silver SIN5, +0.48%  declined by 2.5 cents, or 0.2%, to $15.959 an ounce.

Gold on Friday ended at its lowest level since March 18 after a stronger-than-expected jump in U.S. nonfarm payrolls in May reinforced expectations that the Federal Reserve will raise interest rates in September, wrote Peter Hug, global trading director at Kitco Metals.

Talks aimed at resolving Greece’s debt standoff with its international creditors continue to drag on. Greek Prime Minister Alexis Tsipras is expected to meet with German Chancellor Angela Merkel and French President François Hollande in Brussels on Wednesday.

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