Gold eased to a three-week low on Monday as the dollar got stronger against other currencies
Gold slipped to a three-week low on Monday as the dollar got stronger against other currencies, but trimmed losses in early European trade on fresh buying from investors and jewellers.
Gold fell 1.3 percent to $611.50 an ounce, its lowest since June 30, before recovering to $616.40/617.90 by 0920 GMT. Prices are still down from $619.50/621.00 in New York on Friday when gold dropped nearly 2 percent.
In Japan, the benchmark June 2007 gold futures contract on the Tokyo Commodity Exchange fell 43 yen per gram to 2,330 yen, tracking losses in the U.S. market.