By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Gold prices gave up most of the gains seen in Asian and European trading on Monday, while the dollar remained under slight pressure in holiday-thinned trading.
Analysts note that the main news over the long holiday weekend for many came from China, which raised its lending and deposit rates.
The dollar index (DXY 80.41, -0.09, -0.11%) , which measures the greenback against a basket of six major currencies, stood at 80.418, down slightly from 80.487 late Thursday.
The euro (EURUSD 1.3138, +0.0020, +0.1525%) rose to $1.3134, up from $1.3114 in North American trading Thursday.
U.S. markets were closed Friday for Christmas, while London markets remain closed Monday and Tuesday.
