Gold prices declined 2.7% Monday to below $2,350 as of 3 p.m. EST as geopolitical risks wane. Silver, closely associated with gold, experienced an even sharper downturn, plummeting by 5.1% — its most substantial drop since last October. What Happened: Market sentiment toward the precious metals have turned cautious. Traders await key economic data releases scheduled for this week, which could fuel greenback demand. These include the advance estimates of U.S. gross domestic product growth for the first quarter on Thursday and the pivotal March Personal Consumption Expenditure (PCE) price index, regarded as the Federal Reserve’s favored inflation gauge, set for release on ...