Gold prices eased on Monday, weighed down by a firmer U.S. dollar, while investors looked out for fresh clues on Federal Reserve interest rate cuts.
Spot gold fell 0.2% to $2,651.99 per ounce by 0252 GMT after rising 1% in the previous session.
The dollar index rose 0.1% on Monday, not far from a near two-month high hit last week.
Traders see a roughly 89% chance of the Fed cutting rates by 25 basis points at its November meeting, and an 11% chance it will leave rates unchanged.
Meanwhile, investors will watch out for comments from Fed officials this week for more hints on upcoming rate cuts, along with U.S. retail sales data.
Persons:
Tim Waterer, Waterer
Organizations:
KCM Trade, Traders
Locations:
China