Getty ImagesGold bullion bars and coins are seen for sale in New York City.Gold futures lost ground on Monday, as other haven assets fell as well, following a first-round win for centrist Emmanuel Macron in the French presidential election.Gold for June delivery GCM7, -1.25% dropped $16.10, or 1.3%, to $1,273.00, while May silver SIK7, -0.37% shed 6 cents, or 0.3%, to $17.80 an ounce.Safety plays such as gold gained Friday. The rised was driven by worries over the potential for a strong showing by anti-European Union presidential candidates, such as right-wing candidate Marine le Pen, in the French vote Sunday, analysts said. Gold settled 0.4% higher on Friday, giving the metal a gain of less than 0.1% for last week. But gold now has wiped out Friday’s advance and more, though it is trading off Monday’s lowest levels. “S&P 500 futures ESM7, +1.01% have spiked higher, and gold dropped $20 per ounce on the news that Emmanuel Macron has won the first round of the French elections, allaying fears that ‘populist’ Le Pen could win the presidency,” said William O’Loughlin, a Rivkin Securities analyst, in a note.via