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April 19, 2021, 1:37 p.m. EDT

Gold futures settle lower in pullback from recent gains

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    Gold Jun 2021 (GCM21)

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By Myra P. Saefong

GCM21

Gold futures settled with a loss on Monday, with prices giving back a portion of the roughly 2% it gained last week. "Gold prices have strongly benefited from the drop in Treasury yields, but it looks like that rally has hit a brick wall," said Edward Moya, senior market analyst at Oanda. "The recent bullion rally could struggle to break beyond the key resistance level of $1,800 unless Treasury yields match last week's drop." June gold /zigman2/quotes/210036734/delayed GCM21 +0.94% fell $9.60, or 0.5%, to settle at $1,770.60 an ounce.

/zigman2/quotes/210036734/delayed
US : U.S.: Nymex
$ 1,832.70
+17.00 +0.94%
Volume: 330,113
May 7, 2021 4:06p
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