London — Gold prices were mostly flat on Monday as the dollar clawed back some recent losses and stocks rose, but US inflation fears kept buyers in the metal. Spot gold was flat at $1,347.31/oz at 11.24am GMT. The metal rose 2.4% last week in its biggest weekly gain in more than five months. US gold slipped 0.4% to $1,350/oz. "Gold is doing relatively well in a risk-on environment. The safe-haven appeal [in gold] is a bit in question but it has a lot to do with movements in the dollar which has recovered somewhat," said ABN AMRO commodity strategist Georgette Boele. The dollar index, which measures the greenback against a basket of currencies, was firm on Monday after shedding 1.4% last week. Investors piled into gold last week on concerns that US inflation could heat up. In wider markets, world stocks extended their recovery on Monday while oil inched higher. The minutes of the US Federal Reserve’s last policy meeting, held amid the equities tumble on January 30-31, are due on Wedn...
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