Gold and silver futures on the MCX settled in the red on Monday and gold is expected to be range-bound with a bearish tilt due to a stronger dollar index. Market participants expect Federal Reserve's Chair Powell to reveal his take on the monetary policy path, which has left investors sceptical of the Fed's intentions to hike rates twice further this year. Moreover, commodity experts predict gold on the MCX to decline by Rs 1,107 per 10 grams in June, though it has gained 7.58% on a year-to-date basis, while silver futures have gained almost Rs 330 in June and 4.44% on a year-to-date basis.