NEW YORK: Gold prices steadied in choppy trading on Monday, with gains curbed by a stronger dollar and an uptick in US Treasury yields, while investors awaited speeches from Federal Reserve policymakers for more clues on the tapering strategy. Spot gold was little changed at $1,752.19 per ounce by 01:35 p.m. EDT (1735 GMT).
US gold futures settled mostly unchanged at $1,752. "We're still having some concerns out there that is keeping the safe haven bid alive on dips. But we continue to see the dollar making gains and keeping a little bit of pressure on the commodities complex, most notably gold," said David Meger, director of metals trading at High Ridge Futures.