(RTTNews) - The price of gold was little changed Monday morning as the U.S. dollar was generally steady after President Barack Obama confirmed that al-Qaeda leader Osama bin Laden had been killed.
Gold for June delivery, the most actively traded contract, edged down $0.30 to $1,556.10 an ounce. Last week, gold extended its record peak to settle above $1,550 as the dollar continued to trade weak following the FOMC's decision to hold rates steady.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,229.64 tons.
Meanwhile, the U.S. dollar continued to linger around its 16-month low versus the euro, while ticking higher against sterling. The buck was trading flat versus the Swiss franc and the yen.
Elsewhere, the price of silver slipped from its 31-year peak, hit recently, and platinum ticked lower in morning deals.
In economic news, the Institute for Supply Management will come with its survey results on manufacturing for April at 10 a.m. ET. Economists expect the index to slide to 59.5 from 61.2 in March, reflecting shortages of components sourced from Japan.
Simultaneously, the Commerce Department's construction spending report for March to be released, which is expected to show a 0.5 percent month-over-month increase in spending. In February, spending fell 1.4 percent.
