(MENAFN- ProactiveInvestors)
Gold futures had found some short lived support overnight after Boston Fed President Eric Rosengren played down the timing of an interest-rate hike.
Prices then pared much of their earlier gains on the back of a strengthening U.S. dollar.
August gold slid 0.1% to settle at US$1188.70 an ounce on the Comex.
Separate data Monday showed that U.S. consumer spending was flat last month but manufacturing activity rose. Construction spending in April rose more than expected.
Against that backdrop the ICE U.S. dollar index climbed 0.6 percent. Strength in the greenback often pressures prices for dollar-denominated commodities such as gold.
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