Gold swings between small gains and losses as investors await U.S. economic data and potential commentary on monetary policy from a slew of Federal Reserve officials.
While markets are expecting the Fed to lower interest rates at its July 30-31 meeting, the debate now is how deep they will cut and what will come next. Traders will be looking to U.S. retail sales due Tuesday for clues on the health of the economy, one day after China showed signs that a stabilization is emerging following the weakest growth since quarterly data began in 1992.
Spot gold little changed at $1,414.35/oz.
Spot silver +0.4%; platinum -0.1%, while palladium is down 0.7%.
Source : Bloomberg