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On Sunday open spot gold dropped $20 hitting $1,970 a ounce.
Oil was down, too, with Brent crude off 0.87% to $111.7 a barrel.
April gold futures last traded at $1,979.3 an ounce, down 0.29%.
Hong Kong's Hang Seng index opened lower, down 1.61% on Monday local time.
Major action in the Ukraine-Russia war over the weekend was a Ukrainian base near Poland getting hit by cruise missiles fired by Russia. Thirty-five people were killed, and 134 were wounded.
By Michael McCrae
For Kitco News
