Gold falls as traders await Fed signals

Gold prices fell on Monday as the dollar rose, while market participants await new signals regarding the path of the Federal Reserve’s monetary policy.

By 00:22 GMT, spot gold was down 0.4% at $2,646.75 an ounce after rising 1% in the previous session. U.S. gold futures fell 0.5% to $2,663.90 an ounce, Reuters

The dollar index rose 0.2%, making gold less attractive to holders of other currencies.

Data on Friday showed that U.S. producer prices remained unchanged in September, pointing to favorable inflation expectations and supporting views that the U.S. central bank will cut interest rates again next month.