Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures traded modestly lower Monday, taking a breather after a string of record highs last week and as the dollar gained strength. Gold for June delivery declined $6, or 0.4%, to settle at $1,468.10 an ounce on the Comex division of the New York Mercantile Exchange. Silver ended a smidge higher, keeping above $40 an ounce. Gold ended at a record high of $1,474.10 an ounce Friday, the latest in a series of such milestones for the metal on the past week.

Investors took profits following the record, and some discussion in Washington about curbing the U.S. debt also took a toll on gold, said James Cordier, a portfolio manager at OptionSellers.com in Florida. The debate made investors feel �that maybe there�s an end to the dollar printing and the increase in debt,� he said. See full story.