Darren Kugler
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Darren Kugler in Commodities,

Gold futures log first loss in 4 sessions

Traders weigh U.S. economic data, news from China, India

AFP/Getty Images

Gold ingots in an antique safe, about 100 years old, at the Hungarian National Bank in Budapest.

Gold prices settled lower on Monday, for the first time in four trading sessions, as strength in the U.S. stock market lured investors away from the yellow metal.

Investors also digested a spate of U.S. economic reports as well as a surprise interest-rate cut from China and details on India’s government budget to help gauge gold demand.

Gold for April delivery GCJ5, +0.12% fell $4.90, or 0.4%, to settle at $1,208.20 an ounce on Comex after tallying a gain of roughly 1.3% over the past three trading sessions. May silver SIK5, +0.48% declined by 10.7 cents, or 0.7%, to $16.451 an ounce.

http://www.marketwatch.com/story/heavy-economic-data-flow-se...