Gold futures log 3rd loss as stocks, dollar rise

Gold futures turned in a third day of declines Monday, after an attempt to recoup recent losses fizzled in light of stronger U.S. stocks and the dollar.

Meanwhile, silver futures extended recent gains that lifted prices for seven out of the previous eight trading sessions.

A stronger-than-expected report on U.S. employment Friday prompted gold to end last week on a sour note. Gold and silver, however, still managed to each log a sixth-weekly gain as investors expect the metals’ rise to be underpinned by global economic uncertainty and what’s still anticipated to be a go-slow approach to interest-rate increases at the Federal Reserve.

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