Gold falls as technical analysis shows further declines

Gold declined on Monday session falling towards the weakest level in over two weeks as some traders claimed that technical indicators signal that the precious metal may decrease further in the next few days. Bullion for settlement in April slipped as much as 1% to a level of $1,282 an ounce, the least since April 3, and it was last seen at $1,287.02 as of 1:41 p.m. Singapore time.