June gold futures are expected to open floor trading in New York around $15 an ounce lower Monday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. May silver is expected to be down 30 cents an ounce. Spot gold tumbled overnight on worries over International Monetary Fund plans to sell 400 metric tons of gold, with sell stops hit, said George Gero, vice president with RBC Capital Markets Global Futures. At 7:56 a.m. EDT, spot gold was trading down $14.55 to $880.30. In other markets that have the potential to impact metals in the short term, the euro is up to $1.3499 from $1.3483 late Friday afternoon. In screen trading ahead of the pit open, the June S&P 500 futures are down 5 points to 835.60. May crude oil is down 52 cents to $51.99 a barrel in overnight activity. U.S. economic data Monday include the Conference Board's Employment Trends Index at 10 a.m. EDT and Chicago Fed's Midwest Manufacturing Index at noon EDT (1600 GMT). Other major events this week include release of minutes of a Federal Open Market Committee meeting on Tuesday, wholesale trade inventories Wednesday, first-time jobless claims, import prices and the trade balance on Thursday, then the federal budget deficit on Friday. In New York Friday, gold futures finished lower on long liquidation ahead of the weekend and a continuation of a recent theme - ideas among some investors that the stock market might have put in a bottom and better days are ahead, analysts said. June gold fell $11.60 to $897.30 an ounce, while May silver fell 29 cents to $12.735. Comex gold warehouse stocks were up 42,659 ounces at 8,521,639 ounces Friday, while silver stocks were down 2,015,645 ounces at 119,449,723 ounces.

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