Gold value gives up early gains

On Monday, Gold dropped in thin trade as early bargain hunting faded, with investors closely watching movements of the dollar against other currencies ahead of potentially market-moving U.S. data.

The press release is quoted as saying:

Spot gold XAU= was at $1,123.60 an ounce by 0315 GMT, down 90 cents from New York’s notional close on Friday. It had hit an intraday high of $1,126.70 an ounce on firmer euro — not far from a two-week high $1,127.75 seen on April 1.

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