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Gold prices are trading under pressure amid rise in the US dollar and treasury and investors looking forward to inflation data later this week.
Markets started the week on a muted note and ended unchanged, taking a breather after the recent slide.
Gold prices eased as the U.S. dollar stood strong after U.S. Federal Reserve officials flagged that interest rates would remain higher for longer, although moves were limited as investors look forward to inflation data later this week.
Markets extended decline and lost nearly half a percent, in continuation to the prevailing corrective phase.
Markets extended loss for the second consecutive session and shed over half a percent.
Gold prices edged higher following weak economic data out of Europe and a week of key central banks deciding to stand pat on interest rates, although a stronger dollar kept bullion gains in check.
Gold futures have been trading with a soft bias as the Fed reinforced higher-for-longer rates outlook.
Markets traded under pressure and lost over a percent, after the days of steady rise.
Gold futures have steadied after previous day’s gains but trades with a positive tone.
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