Metals Stocks: Gold tallies a modest gain after worst week of 2017

Gold tallied a modest gain on Monday after suffering its largest weekly loss of the year, but a firmer U.S. dollar kept the price move in check as global markets digested Sunday’s French election.

Although the dollar gained, U.S. stocks traded mostly lower, in line with mild losses for their European counterparts. Global equities markets took the French election victory by Emmanuel Macron, the broader market’s preference to euroskeptic Marine Le Pen, in stride. That helped to temporarily steady battered gold’s recent selloff.

June gold GCM7, +0.07% edged up by 20 cents, or less than 0.05%, to settle at $1,227.10 an ounce, after trading as high as $1,236.90.

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