Gold finished very slightly lower on Monday but retained most of last week's rally. A stronger dollar reduced the precious metal's attractiveness as a safety investment.
June-stamped gold finished the day at $913.30, down $1.40 on the session. The metal had rallied more than $25 last week.
The dollar experienced some strength against other majors, reducing gold's hedge appeal. The dollar climbed away from a multi-month low against the euro and also inched away from a monthly low against the euro.
There was no major economic data on Monday but traders will have plenty to digest later in the week. Tuesday will bring International trade data and Wednesday has retail sales and import and export data on the schedule. PPI data will come on Thursday along with the weekly initial jobless claims report, while Friday will bring CPI, New York manufacturing and consumer sentiment reports.
At 6:30 p.m. today, Federal Reserve Chairman Ben Bernanke is expected to deliver keynote address at the Atlanta Fed's Financial Markets Conference in Jekyll Island, Georgia.
Gold finished last week up $27.30 as the dollar fell versus other major currencies. The metal posted its second weekly gain in three after declining in four straight weeks.
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