Gold futures dropped sharply on Monday on signs of growing appetite for riskier assets as Japanese stocks surged 7%.
April gold GCJ6, -2.40% fell $30, or 2.4%, to $1,209.40 an ounce. On Friday, gold finished down $8.40, or 0.7%, at $1,239.40 an ounce, but logged its best weekly gain since Dec. 12, 2008, rising 7.1%, according to FactSet data.
