Gold Price Falls as Investors Lock in Gains After Surge Last Week – Wall Street Journal

LONDON—Gold prices fell on the London spot market Monday, as investors continued to lock in profits after prices surged last week on the basis that a U.S. interest rate increase looked increasingly unlikely this year.

Spot gold was down 0.88% at $1,172.70 a troy ounce in morning trading in Europe, falling for the second consecutive day after gold prices reached a nearly four-month high last week, closing at $1,187 a troy ounce on…