Bengaluru: Gold prices edged up early on Monday as the dollar eased a touch after last week´s rally and investors waited for more data on U.S. inflation amid expectations of rising interest rates.
Spot gold was up 0.3 percent at $1,320.19 an ounce, as of 0111 GMT. Prices touched their lowest since Jan. 4 at $1,306.81 last week. Spot gold fell 1.2 percent last week, recording its second straight weekly loss.
U.S. gold futures were up 0.5 percent at $1,321.70 per ounce on Monday. Asian share markets were struggling to find their footing on Monday as investors fretted about the risks from looming U.S. inflation data, although early gains on S&P futures offered a sliver of support.
The benchmark S&P 500 fell 5.2 percent last week, its biggest decline since January 2016. Ninety-six S&P 500 stocks were down 20 percent or more from their own one-year highs, according to Thomson Reuters data.
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