Spot gold was choppy but traded basically sideways on Monday, steadying around $1,347/oz.
The yellow metal leaked lower in overnight trading. With the rally above $1,350 late last week, some gold traders are likely taking profits.
U.S. bond and stock markets are closed today for President’s Day. Commercial banks will be off for the holiday, too.
The precious metal that saw the most movement was palladium, which was down 0.8% (-$8) to $1,024/oz.
Silver prices were also around unchanged at $16.65/oz.
Platinum inched higher to about $1,007/oz.