• U.S. gold ended 1 percent lower on Monday as technical selling and lower risk sentiment prompted bullion investors to
lock in profits after last week's rally.
• COMEX April settles down $11.20 at $1,124 an ounce.
• Unwinding of excessive fear trade linked to Greece and Europe weighs on gold. Gold traders take profits after prices
rose $20 last week due to currency volatility. Profit-taking seen after CFTC report showed increase in net long
noncommerical gold futures position. |