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Gold headed towards its longest run of monthly declines in more than 16 years, as an improved economic backdrop and lower inflation concerns continued to blunt its appeal to investors.
Gold mired in negative territory as the dollar extended gains after positive economic data and ahead of impending U.S. budget cuts.
Gold prices eased on Monday as demand waned for gold-backed exchange-traded funds and investors continued to digest the effect of wide-ranging U.S. government spending cuts on bullion.
Gold prices gave up most of Tuesday's early gains, as a rally that snapped four days of losses was not enough to sustain the precious metal.
Gold was marginally higher on Wednesday, with analysts expecting the breakout in Wall Street to pressure the precious metal's safe-haven appeal.
Gold fell after the European Central Bank and the Bank of England did not hint at more economic stimulus, and as encouraging U.S. jobless claims data fuelled optimism about the upcoming nonfarm payrolls report.
Gold traded flat, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its stimulus, analysts said.
Gold rose slightly, as mixed Chinese economic data and Italy's credit downgrade encouraged some appetite for the metal as a safe haven, but prices were held in check by a firmer dollar.
Gold rose above $1,590 an ounce on Tuesday, gaining nearly one percent following comments by an ECB official that euro zone inflation pressures are abating, which was viewed as an indication of continued monetary easing.
Gold fell on Wednesday as a strong U.S. retail sales report boosted optimism about the U.S. economy.
Gold inched higher, recouping some earlier losses in line with a firmer euro and bouts of physical buying in some parts of Asia, although signs the U.S. economy is on a better footing were however curbing further gains.
Gold finished higher on Friday, marking its second straight weekly gain, as the euro firmed and stocks fell.
Gold extended earlier gains to hit its highest since late February, with some investors drawn to the precious metal's safe haven properties as a radical bailout package for Cyprus shook sentiment in the euro zone.
Gold reversed earlier losses, hitting a 2-1/2 week high above $1,615 an ounce on renewed flight-to-safety investment before an anticipated vote by the Cyprus parliament on a bailout plan.
Gold slipped slightly in brisk trade on Wednesday after the U.S. Federal Reserve issued its latest policy statement, repeating its accommodative stance while extending it another two years, but gains in the euro provided support for the precious metal.
Gold rose to a near one-month high, as safe-haven buying emerged after the European Union gave Cyprus an ultimatum to raise billions of euros it needs to clinch a bailout deal or face a likely exit from the currency zone.
Gold fell as investors took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up as a deal between Greece and Cyprus eased fears of an escalating euro zone debt crisis.
Gold extended initial losses, hitting its lowest in ten days as investors unloaded safe-haven assets and sought equities after Cyprus struck a last-minute bailout deal with lenders.
Gold fell for the third session in a row on Tuesday as relative calm returned to Europe and better U.S. data pointed to an improving economy.
Gold rose 0.5 percent, snapping a three-day losing streak, as renewed euro zone worries and hopes the Federal Reserve will continue its loose monetary policy triggered bullion buying.