(RTTNews) - The price of gold was steady near $1,260 Monday morning as traders await a slew of economic data from the U.S. this week.
Gold for August delivery, the most actively traded contract, edged up $2.0 to $1,258.20 an ounce, after gaining $10 in the previous session. Gold advanced to a fresh all-time high of $1,266.50 an ounce intraday last Monday on China's plan to gradually remove its currency peg to the U.S. dollar but retreated to a low of $1,225 within two sessions.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), were unchanged at a fresh all-time high of 1,316.18 tons. Uncertainty in global economic recovery and stock market volatility have made Gold ETFs more attractive for investors.
Meanwhile, the U.S. dollar was trading mixed. The greenback edged up versus the euro and the yen, while ticking lower against the British pound.
Elsewhere, the price of silver edged down, platinum moved up in morning deals.
Today, traders will look to U.S. Commerce Department's report on personal income and outlays for May, due out later today, to get clues.
