Bloomberg reported that gold continued to fall in Monday trading, extending losses from last week that marked the worst week in six months.
As quoted in the market report:
Gold for immediate delivery lost as much as 0.3 percent to $1,652.20 an ounce and was little changed at $1,657.30 by 12:54 p.m. in Singapore. Prices fell 2.3 percent last week, the biggest loss since the period ended June 22. Bullion for delivery in in February declined 0.2 percent to $1,657 an ounce on the Comex.