Gold falls as Cyprus bailout talks seen deadlocked

 Gold futures are trading lower to start the week in Asia as markets and traders remain pensive about what the next move out of Cyprus could be.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery fell 0.12% to USD1,606.05 per troy ounce in Asian trading Monday after settling at USD1,608 per ounce last week. Gold futures rose 1% last week.

Gold prices were likely to find support at USD1,575.80 a troy ounce, the low from March 14 and near-term resistance at USD1,619.40, the high from February 26.Continue Reading....