BR: Firm dollar weighs on gold, eyes on Fed and G20
Gold prices slipped on Monday as the dollar firmed against the euro and yen and markets looked ahead to a meeting of the US Federal Reserve later this week.
The dollar extended a bounce from late last week as traders covered short positions, making commodities priced in dollars more expensive for holders of other currencies.
"The dollar is quite a bit firmer this morning," said James Moore, analyst at TheBullionDesk.com.
"There is some speculation floating around that the Fed may indicate an end to stimulus programmes and quantitative easing."
The US central bank starts a two-day meeting on monetary policy on Tuesday. Also on the radar is a meeting of the heads of G20 countries in Pittsburg on Thursday and Friday.
