Gold Weaker And Hovering Near 3.5-Month Low

(Kitco News) – Gold futures prices are modestly lower and have hit a 3.5-month low to start the U.S. trading week. Bears continue to gain near-term Technical strength in gold. In overnight news, the Euro zone’s consumer price index was down 0.1% in May, year-on-year, for the second month of a row of a deflationary reading. World stock markets were mostly firmer overnight, and are ending what has been a good month of May for the world stock market bulls. U.S. stock index futures are set to open the New York session near steady to slightly higher levels, following a three-day holiday weekend.