Metals Stocks: Downtrodden gold trades near $1,250 as dollar gains

Gold futures eased Monday as the dollar gained to start a new quarter of trading, keeping precious metals prices pinned at 2018 lows.

Copper prices, meanwhile, looked set for a fourth straight session decline to finish at their lowest since September.

August gold GCQ8, -0.96% was off $6.70, or 0.5%, to $1,247.80 an ounce, proving Friday’s small rally to be fleeting as the metal remains in a downtrend.

Gold last week settled as low as $1,251—the lowest for a most-active contract since Dec. 13. Gold prices, based on the most-active contracts, logged a weekly loss of 1.3% through Friday, as well as a 3.8% June decline and a 5.5% drop for the quarter, leaving prices down more than 4% so far in 2018, according to FactSet data.

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