Gold Treads Water, Possible U.S. Rate Hike In Focus

Gold prices were mostly unchanged on Monday on a firmer U.S. dollar after positive U.S. economic data late last week appeared to raise the chance of an interest rate hike by year-end.
 

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                               FUNDAMENTALS

* Spot gold was mostly flat at $1,250.40 an ounce by 0047 GMT.
* U.S. gold futures were down 0.3 %t at $1,252.30 an ounce.
* U.S. producer prices rose in September to post their biggest year-on-year rise since December 2014, while retail sales gained 0.6 % after a 0.2-% decline in August.
* Fed Chair Janet Yellen gave a broad review of where the U.S. economic recovery may still fall short.

*Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.40 percent to 965.43 tonnes on Friday.

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