• Gold steadied after three days of gains, ahead of US data due this week that may influence the timing of the Federal Reserve’s much-anticipated pivot to monetary easing.
• The precious metal, which reached an all-time high above $2,400 an ounce last week, has allied sharply since mid-February on increased haven demand, as well as buying by central banks and Chinese consumers. Optimism that Fed rate cuts, which are positive for gold because it doesn’t offer any interest, are nearing have also supported bullion in recent weeks.
• The US Beige Book is due Wednesday, economic growth and unemployment figures land Thursday, and that will be followed a day later by the Fed’s favored price gauge, which will be watched for any sign inflation is declining toward the central bank’s target
• Spot gold fell 0.1% to $2,357.93 an ounce as of 9:10 a.m. in Singapore, after rising 1.4% over the previous three sessions.