Gold prices fell as the dollar strengthened and investors await key US economic data to be released later this week. An analyst at Sucden Finance said, “This trend reflects a return in profits after overcrowded positions in a market with slightly improved liquidity, rather than a deterioration in fundamental logic. As long as the overall configuration and structural support of precious metals remain unchanged, the pullback in gold prices may usher in new buying interest.” Traders are currently awaiting the US non-farm payrolls data for December released on Friday to get more clues about the Fed's next policy trend.

Gold prices fell as the dollar strengthened and investors await key US economic data to be released later this week. An analyst at Sucden Finance said, “This trend reflects a return in profits after overcrowded positions in a market with slightly improved liquidity, rather than a deterioration in fundamental logic. As long as the overall configuration and structural support of precious metals remain unchanged, the pullback in gold prices may usher in new buying interest.” Traders are currently awaiting the US non-farm payrolls data for December released on Friday to get more clues about the Fed's next policy trend.