US gold futures ended flat on Monday as the market took a breather after the previous session's rally to record highs, but sovereign risks and volatile currency markets provided underlying safe-haven demand. COMEX June gold settled up 30 cents at $1,228.10 an ounce.
Ranged from $1,222.50 to $1,242.80. Comex estimated final volume at 169,412 lots. Spot gold at $1,227.10 at 2:07 pm EDT (1807 GMT), versus $1,230.05 late in New York's previous session. COMEX July silver ended down 36.60 cents, or 1.9 percent, at $18.859 an ounce on the coattails of a broad-based industrial metal decline. Ranged $18.735 to $19.445.
Comex estimated final volume at 36,184 lots. Spot silver at $18.88 versus $19.25 late in prior session. July platinum finished down $52.20, or 3 percent, at $1,663.20 an ounce as weak economic sentiment hurts expectations of platinum's auto-sector demand. Spot platinum at $1,665.50. June palladium closed down $24.30, or 4.6 percent, at $503.60 an ounce as base metals drop, led by copper's 6 percent fall. Spot palladium at $503.