Gold Pulls Back as Funds Shed Bullion Assets

Reuters reported that gold pulled back on Monday as funds continued to trim bullion assets.

As quoted in the market report:

Spot gold dropped 0.4 percent to $1,575.26 an ounce by 1406 GMT. On price charts the metal looked vulnerable to re-test a 10-month low of $1,539.70 hit last week, analysts said.

To view the whole Reuters report, click here.