Gold futures posted a gain Monday, their fourth in five sessions as prices recouped part of Friday’s 1.5% decline. “It is just a technical trade with buyers on dips,” said Chintan Karnani, director of research at Insignia Consultants. Trading on London Metal Exchange was closed for the coronation of King Charles and in the U.S., investors awaited U.S. inflation readings due out later this week for hints on the Federal Reserve’s path for interest rates. Gold for June delivery GCM23 settled at $2,033.20 an ounce on Comex, up $8.40, or 0.4% for the session.
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