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April 12, 2021, 1:47 p.m. EDT

Gold futures settle at lowest in a week

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    Gold Jun 2021 (GCM21)

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By Myra P. Saefong

GCM21

Gold futures fell on Monday to settle at their lowest in a week as prices eased back after posting a nearly 1% climb last week. Investors are looking ahead to the U.S. consumer price index data due Tuesday. Last week, the U.S. producer price index hit its highest levels in nearly 10 years and "there is a concern it may not be as transitory as central bankers anticipate," said Michael Hewson, chief market analyst at CMC Markets UK. June gold /zigman2/quotes/210036734/delayed GCM21 +0.04% fell $12.10, or 0.7%, to settle at $1,732.70 an ounce on Comex. That was the lowest most-active contract finish since April 5, FactSet data show.

/zigman2/quotes/210036734/delayed
US : U.S.: Nymex
$ 1,832.00
+0.70 +0.04%
Volume: 332,450
May 7, 2021 4:59p
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