Gold prices slipped on Monday after early buying failed to lift prices past $1,600 an ounce, with investors still cautious about the precious metal as they awaited clearer signals on the euro-zone debt crisis. Last week, gold slid to its lowest level since December, then rallied 4.5 percent late in the week.
Spot gold was down 0.08 percent at $1,590.80 an ounce at 3:43 pm EDT (1910 GMT), while US gold futures for June delivery settled at $1,588.70 per ounce, down 0.2 percent from Friday. Silver was down 0.91 percent at $28.37 an ounce, while spot platinum was up 0.61 percent at $1,458.85 an ounce and spot palladium was up 2.03 percent at $610.47 an ounce.