Gold eased for a second straight session on Monday as the
dollar edged higher.
The metal remained underpinned above $1,200 an ounce as
caution in financial markets prompted investors to channel money into bullion.
Spot gold had fallen 0.3 percent to $1,223.70 an ounce by
0035 GMT, after declining 0.3 percent on Friday.
The metal jumped to its highest in a year earlier this month
on turmoil in the stock markets and concerns over the global economy.
Bullion was hurt early on Monday by the strength in the
dollar.
Asian share markets got off to a cautious start on Monday
as investors await a rush of February industry surveys to take the pulse of the
global economy.
Spot gold fell to a session low of $1,220.75 an ounce,
before paring some losses to trade down 0.5 percent to $1,221.36 by 0304 GMT.
It declined 0.3 percent on Friday.
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