Metals Stocks: Gold trades lower, set to snap 2-session advance

Gold futures traded lower Monday to start the week and month, with the yellow metal on track to halt two straight sessions of gains.

June gold GCM7, -0.91% was $3.60, or 0.3%, at $1,264.70 an ounce, after the metal ended the past week of April on an uptick, climbing slightly from a 2 ½-week low. The yellow metal still finished with a 1.6% weekly decline, as geopolitical risks, particularly in Europe, appear to have cooled somewhat, undercutting haven demand for commodities like gold that thrive in uncertainty.

Silver for July delivery SIN7, -1.84% declined 21 cents, or 1.2%, to trade at $17.05 an ounce.

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