Gold slips as robust dollar saps appeal

Gold prices edged lower on Monday, extending the previous session's losses, as the dollar strengthened after data showing another advance in inflation fuelled bets over the Federal Reserve tightening its policy sooner. Spot gold fell 0.1% to $1,781.78 per ounce by 0044 GMT, after slipping to an over one-week trough on Friday. U.S. gold futures dropped 0.1% to $1,782.80.

from Markets-Economic Times https://ift.tt/3w0dG2J