Bengaluru — Gold prices held steady on Monday, with investors looking ahead to a clutch of speeches from US Federal Reserve officials later in the week for clues on the timing of possible interest rate hikes. Spot gold had edged down 0.1% to $1,234.28/oz by 3.19am GMT, while US gold futures fell 0.3% to $1,235.2. "We expect muted trading to start the week in Asia with a US holiday today, although a break in gold of $1,231 may flush away some nervous long positions," said Jeffrey Halley, senior market analyst at Oanda. The US markets are closed on Monday for the Presidents’ Day holiday. Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the US dollar recouped early losses ahead of the busy week for the Fed. The dollar was mostly unchanged against a basket of currencies at 100.93. At least five Fed officials are due to speak this week, while Fed Board governor Jerome Powell appears on Wednesday. Cleveland Fed president Loretta Mest...
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