By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gold futures fell Monday, failing in their attempt to rebound after last week's nearly 7% drop as strength in the U.S. dollar helped lure investment demand away from the metal. Prices had found support earlier from news of the death of North Korean leader Kim Jong-il, which helped buoy safe haven demand for gold. But in comments Monday, European Central Bank President Mario Draghi warned on the economic outlook for euro-zone countries and downplayed the ECB's role in tackling the debt crisis, contributing to weakness in U .S. stocks and dollar strength. Gold for February delivery GC2G -0.36% fell $4.90, or 0.3%, to trade at $1,593.20 an ounce after earlier tapping a high of $1,611.50.
