LOS ANGELES (MarketWatch) -- Gold prices rose Monday, a higher start for the precious metal in June following a more than 5% drop in the previous month.
Gold on Friday dropped $19, or 1.4%, hurt in part after better-than-expected data about manufacturing activity in the Chicago area, and after a gauge on U.S. consumer sentiment in May reached the highest level since 2007. The U.S. dollar turned higher after the reports. A stronger dollar tends to press down on prices of dollar-denominated commodities by making them more expensive for holders of other currencies.
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