(RTTNews) - The price of gold moved down Monday morning as traders await a host of economic releases due out this week from the U.S., including ADP employment, non-farm payrolls and pending home sales.
Gold for December delivery was down $5.10 to $1,357.30 an ounce. Last week, gold edged up $10 amid renewed worries over the debt situation in Spain and Portugal.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,285.08 tons.
Meanwhile, the U.S. dollar continued to hold on to last week's gains, advancing to a fresh 2-month high against the euro even after the EU agreed to extend about $90 billion in bailout loans to Ireland.
The dollar also hovered near monthly highs versus sterling, the yen and the Swiss Franc. Last week, the greenback strengthened on concerns over the debt situation in euro zone and escalating tensions in the Korean peninsula.
Elsewhere, the prices of silver and platinum were relatively flat in morning deals.
