By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Gold and crude-oil futures traded lower Monday as traders parsed out a surprisingly large trade deficit in China. Oil for April GCJ2 -0.65% delivery declined $1.51, or 1.4%, to $105.89 a barrel on the New York Mercantile Exchange. Gold for the same month's delivery GCJ2 -0.65% lost $10.20, or 0.6%, to $1,700.50 a barrel on the Nymex. China posted the largest monthly trade deficit in at least 12 years. A deficit was expected but the size of the gap -- $31.48 billion -- was a surprise.
