Gold slides on stronger US Dollar, Markets eye Ukraine Crisis

Gold prices slipped on Monday because of stronger U.S. dollar index and U.S. Treasury yields, in addition to eyeing new round of talks between Russians and Ukrainians.

The dollar index gained 0.5% to trade at 99.2 points, its highest in more than one week.

This came after comments by several Federal Reserve governors who expected more and quicker rate hikes than previously estimated.

Spot gold was down 0.7% or $13.7 $1,940.5 per ounce, as of 12:16 GMT.