Gold prices fell on Monday as the dollar strengthened and investors awaited comments from Federal Reserve officials and economic data for more clues on the path of U.S. interest rates.
Spot gold was down 0.4% at $2,402.82 per ounce by 0653 GMT.
US gold futures also fell 0.5% to $2,408.50.
The dollar rose on hedging demands following the assassination attempt on former US President Donald Trump, which increased the chances of his victory in the November election.
A higher dollar makes gold more expensive for buyers holding other currencies.
Federal Reserve Chairman Jerome Powell is scheduled to speak later Monday, and a handful of other officials are also scheduled to make comments later in the week.
Data sets due out this week include US retail sales, industrial production for June and weekly jobless claims.
Markets are pricing in a 93% chance that the Fed will cut interest rates in September, according to CME Group’s FedWatch service. Gold is seen as a hedge against geopolitical turmoil, and the appeal of the non-yielding metal typically increases when interest rates are low.
Among other precious metals, spot silver fell 0.4% to $30.65 an ounce, platinum fell 0.7% to $991.88 and palladium fell 1.5% to $954.25.
