Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures closed lower Monday for a second session in a row, with traders giving back a small part of last week's nearly 2% climb as a rally in the broader U.S. stock market helped lure investors away from the precious metals. But gold prices remained supported by the dollar's overall weakness against the other major currencies as well as concerns over high oil prices.

Gold for August delivery fell $1 to close at $666.30 an ounce on the New York Mercantile Exchange, pulling back after reaching a high of $669.50 during the regular session and a $670.50 high in electronic trading. Other metals prices also headed lower. See full story.