Gold prices slipped on Monday as a stronger dollar weighed on the metal, with investors awaiting key US economic data this week that could influence the Federal Reserve's interest rate decisions. Spot gold fell 0.4 per cent to $4,062.96 per ounce, while December US gold futures dropped 0.7 per cent to $4,064.50. The dollar index extended gains for a second session, making gold less attractive for holders of other currencies. Analysts noted that reduced expectations of a Fed rate cut and hawkish comments from officials are pressuring gold. Traders are currently pricing in a 46 per cent chance of a quarter-point rate cut next month, down from 50 per cent last week. Gold-backed ETF holdings fell 0.47 per cent to 1,044 metric tons on Friday. Meanwhile, silver rose 0.5 per cent to $50.81 per ounce, platinum gained 0.5 per cent to $1,548.37, and palladium climbed 0.7 per cent to $1,394. Attribution: Reuters
