Gold prices remained steady in the morning session as the dollar arrested its losses after the Minneapolis Fed President said the central bank is set to keep tightening policy until inflation is clearly under control.

Markets witnessed a swift rebound and gained half a percent, taking a breather after the recent dip.

Gold prices remained muted in the morning session as the U.S. dollar index held firm amid lingering worries over further aggressive U.S. interest rate hikes.

Markets extended Friday’s decline and lost nearly one and a half percent, tracking feeble global cues.

Gold prices extended losses as uncertainty over the Federal Reserve’s path of monetary tightening persisted, while the U.S. dollar index hit a fresh five-week high, denting the bullion’s appeal.

Markets lost over a percent in a volatile trading session, tracking mixed cues.

Markets ended marginally in the green last week as profit taking on Friday trimmed all the gains.

Gold prices in the international market have dropped to a three-week low as the dollar got stronger amid prospects that the US Federal Reserve may go for more rate hikes.

Markets traded in a narrow range on the weekly expiry day and ended almost unchanged, taking a breather after the recent surge.

Gold prices rose in the morning session, as the dollar remained subdued after the U.S. Federal Reserve minutes hinted policymakers may be less aggressive on future rate hikes.