Gold prices edged lower on Monday as the dollar crept higher, while increased U.S. interest rate cut expectations following a dovish pivot from Federal Reserve Chair Jerome Powell lent support to bullion.
Spot gold was down 0.2% at $3,364.25 per ounce, as of 0109 GMT, after hitting its highest since August 11 on Friday. U.S. gold futures for December delivery eased 0.3% to $3,409.80.
The U.S. dollar index rose 0.2% against its rivals after dropping to a four-week low, making gold less attractive to overseas buyers.
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