SAN FRANCISCO (MarketWatch) — Gold futures closed modestly lower Monday, after attempting to rebound from last week’s nearly 7% drop, as strength in the U.S. dollar helped lure investment demand away from the metal. Gold for February delivery fell $1.20, or 0.1%, to settle at $1,596.70 an ounce. Prices have now logged four-consecutive closes below $1,600. March silver was the biggest decliner in the metals sector, ending 80 cents, or 2.7%, lower at $28.87 an ounce.

Originally from MarketWatch