Gold Futures Settle Lower WASHINGTON (dpa-AFX) - Gold prices drifted lower on Monday, pushing the most active gold futures contract to its lowest close in a week, due to a firm dollar and higher yields on U.S. Treasury Bonds. Bond prices fell reacting to Federal Reserve Chairman Jerome Powell's comments on Sunday that the central bank wants to see inflation rise above its 2% target for an extended period before the monetary policy committee considers a revision in rates. Traders were also looking ahead to the inflation data, due out on Tuesday. Gold futures for June ended down $12.10 or about 0.7% at $1,732.70 an ounce, the lowest close since last Monday (April 5).