Gold falls to week-low as US economic data awaits

Gold prices fell on Monday to their lowest level in more than a week as the dollar strengthened and market participants shifted their focus to a series of economic data due this week for any clues on the extent of the Federal Reserve’s interest rate cuts.

Spot gold prices were steady at $2,505.11 an ounce after hitting a session low of Aug. 23.

U.S. gold futures rose 0.4% to $2,537.30.

In other precious metals, spot silver fell 0.7% to $28.64 an ounce, touching its lowest level in two weeks, while platinum rose nearly 0.4% to $929.75 an ounce. Palladium rose 0.4% to $969.02 an ounce.