Metals Stocks: Gold edges lower after topsy-turvy first quarter

Gold futures edged lower Monday after upbeat readings on economic activity in China soothed worries over global growth and provided a lift to equity markets, robbing haven assets of some appeal.

Gold for June delivery GCM9, +0.02% the most active contract, fell $3.20, or 0.2%, to $1,295.30 an ounce. May silver SIK9, +0.03% was off 6 cents, or 0.4%, to $15.05 an ounce.

Gold ended last week under pressure, falling back below the $1,300-an-ounce level. On a most-active basis gold ended the quarter with a gain of around 1.1% but well off its February high near $1,348 an ounce.

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