Diabytes
US gold futures News
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Spot gold was down 1.1% to $1,973.80 per ounce by 1531 GMT, but remained poised for a weekly rise of about 0.3%.
Spot palladium slipped 5.6% to $2,764.19 per ounce, en route to a 7.8% loss for the week.
Silver fell 0.5% to $25.76 per ounce.
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Silver also gained Rs 150 to Rs 40,200 per kg, backed by increased offtake by industrial units and coin makers.
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Silver regained the Rs 41,000-mark by jumping Rs 1,100 on increased offtake by industrial units and coin makers.
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The dollar index is down more than 9 percent so far this year, and is on course for its biggest annual loss since 2003.
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The dollar dipped against a basket of major currencies on Monday amid caution ahead of a vote in US Congress on tax reform, making dollar-denominated bullion cheaper for buyers using other currencies.
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Gold is now awaiting further direction from US non-farm payrolls data later this week, a key barometer for the health of the US economy.
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Spot gold was up 0.1 percent at $1,295.3.
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Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced.
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The dollar weakened against a basket of six major currencies and was set for its biggest weekly loss in more than a month.
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Gold prices fell 0.5 percent on Tuesday, retreating a bit from the previous day's rally as a stronger US dollar reduced the appeal of safe-haven investments, and oil prices also dipped.
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Gold was hovering near a one-week low globally, hit in the previous session, as largely upbeat US economic data reinforced the prospects of another rate hike by the Federal Reserve next month.
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The Fed will probably need to raise interest rates in December and then three of four times "over the course of next year", assuming the US unemployment rate continues to fall and inflation rises, Boston Fed President Eric Rosengren said.
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Gold prices bounced after falling for a fourth week to a two-month low on Friday, following an upbeat reading of US wage growth and unemployment that supported expectations for a US interest rate hike in December, pushing the dollar and Treasury yields higher.
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Proposed US tax reforms and growing odds of a December interest rate hike by the Federal Reserve have also helped support the greenback.
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Spot gold was up 0.3 percent at USD 1,280.64 per ounce, after hitting $1,281.92 an ounce, its highest since June 8.
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Gold fell for a third day on Wednesday, set for its first monthly drop since December, as US economic data boosted the case for an interest rate hike by the Federal Reserve next month.
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Gold prices edged up on Friday and were on track for their biggest weekly gain since mid-April as the dollar eased amid lingering political turbulence in the United States.
Spot gold was down 0.1 percent at $1,252.20 per ounce by 0319 GMT, while US gold futures had dropped 0.2 percent to $1,254.30.
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Gold fell below the key level of USD 1,200 an ounce on Friday and was on track for its worst week in four months, pressured by a stronger dollar ahead of the closely-watched US non-farm payrolls report due later in the day.
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Gold prices rose for a second day on Tuesday supported by an easing US dollar and physical buying in Asia.
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