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Metals Stocks: Gold prices subdued as most global stocks rally

Gold prices on Monday edged lower as a broad rally in global stocks, on the back of an extension of U.S.-China trade negotiations, overshadowed a weaker dollar.

Futures for April delivery GCJ9, -0.05% were off 80 cents, or less than 0.1%, at $1,332 an ounce, after gold on Friday booked a 0.8% weekly rise. March silver SIH9, +0.04% picked up 2 cents, or 0.1%, at $15.935 an ounce, after that metal logged a 1.1% weekly advance.

President Donald Trump late-Sunday signaled that he would be inclined to extend a March deadline for increasing tariffs, citing “substantial progress” in talks between Beijing and Washington, intended to resolve longstanding trade differences between the world’s largest economies.

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