Gold Market Update

Gold prices settled lower on Monday, but found some support at the key $1,200 level as traders watched developments linked to Greece’s bailout extension.

Gold for April delivery GCJ5, +0.10% fell $4.10, or 0.3%, to settle at $1,200.80 an ounce on Comex. The decline marked a second straight session decline for prices.

March silver SIH5, +0.47%  also declined by 1.9 cents, or 0.1%, to end at $16.254 an ounce.