Metals Stocks: Gold prices fall as global stocks rise on encouraging trade developments

Gold was headed for its first losing session in nine on Monday, tumbling as encouraging global trade headlines drove investors away from the metal and into perceived riskier assets such as stocks, while the dollar gained.

August gold GCQ19, -1.15% fell $14, or 1%, to $1,332.10 an ounce, after closing up 0.3% on Friday. The metal gained roughly 2.7% last week, its biggest weekly rise since the since the one ended March 23, 2018, according to FactSet data, based on the most-active contracts. Gold has now risen for eight straight weeks, its longest such win streak since Jan.

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