By Sara Sjolin
LONDON (MarketWatch) -- Gold futures declined on Monday during European trading hours as concerns about the gold markets in India and Turkey added pressure on near-term demand. Gold futures for June delivery GCM2 -0.30% gave up $5.60, or 0.3%, to $1,666.30 an ounce, partly reversing a 1% gain from Friday. Investor appetite was muted as near-term physical demand remained weak on the back of strike actions in Indian jewellery stores and as gold imports in Turkey are expected to be lower year-on-year, analysts at Barclays Capital Commodity Research said in a note. "Gold is also lacking sufficient investment enthusiasm to be able to sideline the physical market as it did earlier in the year, thus in turn prices are struggling to gain momentum," the analysts said. Other metals were bucking gold's downturn and high grade copper for May delivery HGK2 +0.35% took on 0.5% to $3.84 per pound, while June palladium PAM2 +0.93% added 0.8% to $659.10 on ounce.
