Gold steadies as dollar rallies after U.S. data

PT. Equityworld Futures - Gold was little changed on Monday, giving up gains as the dollar rallied after the precious metal was initially buoyed by an unexpected stall in U.S. consumer spending and comments on interest rates from a Federal Reserve's official.

Spot gold rose to a session high of $1,204.31 an ounce and was down 0.04 percent at $1,189.30 an ounce by 3:00 p.m. EDT (19:00 GMT). It posted a second consecutive weekly fall last week, hitting a three-week low of $1,180.50 on Thursday.

U.S. gold futures for August delivery settled down $1.10 at $1,188.70 an ounce.

The U.S. dollar advanced against major currencies after stronger-than-expected data on U.S. manufacturing activity and construction spending, while mounting worries of a Greek default contributed to the euro's weakness.
Sumber : ewfpro.com