By Laura Mandaro
PORT LOUIS, Mauritius (MARKETWATCH) -- Gold futures turned lower in electronic trading Monday as investors snapped up stocks, oil and other assets perceived as yielding higher returns if the global growth outlook brightens. Gold for August delivery fell $1.60, or 0.1%, to $1,228.60 an ounce. Silver, copper and platinum stayed higher. Gold had risen earlier, buoyed by a drop in the dollar against the euro. But appetite for riskier assets weighed on bullion, said Pradeep Unni, an analyst with Richcomm Global Services in Dubai. Gold hit a record last week on fears about Europe's debt problems and the global recovery. European and Asian stock indexes rose Monday, and U.S. stock futures pointed to a higher open.
