US gold falls

Gold fell for a third session on Monday, weighed down by economic optimism as investors bet debt-laden Greece would take action needed to avoid a default, pressuring safe-haven demand. Spot gold was down 0.3 percent at $1,495.55 an ounce at 3:26 pm EDT (1926 GMT). US gold futures for August delivery settled down $4.50 an ounce at $1,496.40, after trading between $1,490.80 and $1,506.10.
Silver was down 2 percent at $33.58 an ounce, reflecting losses in other industrial metals. Among platinum group metals, platinum was down 0.1 at $1,671.49 an ounce, and palladium was down 0.3 percent at $724.72.