Gold steadied around $1,920 an ounce on Monday as investors continued to assess the path for US Federal Reserve monetary policy.
The Yellow Metal (Gold) gained 0.6% on Friday after data showed US inflation slowed and consumer spending decelerated sharply in May.
Gold Silent on Stronger Dollar; Market Awaits Key Econmic Data: Gold Steadies as Fed Outlook MulledStill, Fed Chair Jerome Powell indicated last week that further rate increases are likely ahead as it will take time to bring inflation back down to the 2% target.
Markets are priced for an 84% chance that the central bank will hike rates by 25 basis points in its July meeting.
Investors now look ahead to US manufacturing activity data on Monday to guide the economic and monetary policy outlook, as well as the key monthly jobs report on Friday.
