Gold Prices Eased on Stronger Dollar

Gold prices took a dip Monday as the US dollar rallied in anticipation of bullish comments by Federal Reserve Chairman Ben Bernanke later this week.

April-dated contracts eased $5 to close at $667.30 an ounce on the Comex division of the New York Mercantile Exchange. The PowerShares DB Gold (DGL - Cramer's Take - Stockpickr) exchange-traded fund, which tracks futures prices, was slipping 0.6%.