Gold Steady Below $1190 on Mixed Messages

Gold fell on Monday as the impact of a rebounding dollar, over talks between Greece and euro zone finance ministers, was offset by mixed U.S. data supporting bets the Federal Reserve will not raise rates until late 2015.

Spot gold was down 0.3 percent at $1,187.50 an ounce, after posting a modest weekly fall in the previous week. U.S. gold futures for June delivery settled down $5.90, at $1,183.00 an ounce.

The dollar rebounded 0.2 percent versus a basket of currencies, mostly due to euro weakness as Greece, which must repay a 750 million euro ($837 million) loan to the International Monetary Fund on Tuesday, faces the risk of defaulting and being forced out of the euro zone.


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