Gold fell on Monday as the dollar rose against the euro, and the precious metal stayed lower even as the euro recovered in later trade because traders said the European unit's strength seemed shaky. Spot gold, which reflects trading in bullion, was bid at $1,418.65 by 5:15 p.m. EDT (1912 GMT), down from $1,427.75 late in New York on Friday. It had recovered from a session low of $1,409.95.
US gold futures for April delivery fell $6.30 an ounce to finish at $1,420.90 per ounce. Silver also trimmed losses to trade at $37.10 announce in late business, just off $37.29 on Friday. The metal rose 6.4 percent last week on gold's coat-tails, hitting its highest since 1980 at $38.13 an ounce. Among other precious metals, platinum pulled into positive regions in late dealings, changing hands at around $1,737 an ounce against $1,742.45 on Friday. Palladium held near unchanged levels at around $743.
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