Gold prices have slipped as the US dollar has strengthened to a fresh near nine-month high on growing speculation that the US Federal Reserve would lift its key interest rate in December.
Recent positive economic data and comments from central bank officials have bolstered expectations of a rate hike, with traders on Monday seeing a nearly 70 per cent chance that the Fed would tighten credit in December, according to data from CME Group's FedWatch program.
Traders are waiting for the consumer confidence report and Richmond Fed Manufacturing Index due Tuesday, the international trade in goods report and new home sales report due on Wednesday, the durable goods orders and weekly jobless claims report due on Thursday, and the gross domestic product report due on Friday.
Reference: Business news, Xinhua
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