(RTTNews) - Snapping its two-day up move, the price of gold edged down Monday morning after the U.S. dollar extended gains against the euro and moved higher versus a basket of currencies.
Gold for April delivery was down $4.7 to $1,114.20 an ounce.
In news bullish to gold, the National Union of Mineworkers, South Africa, threatened to stop work at the country's biggest gold miner, Gold Fields Ltd., on a dispute over a fitness test.
Traders will look to the U.S. personal income and construction spending data for January apart from Manufacturing Index for February, scheduled to be released later today.
Elsewhere, the price of silver was flat and platinum edged up in morning deals.
