(RTTNews) - The price of gold edged up near $1,700 Monday morning amid a steady U.S. dollar
Gold for December delivery, the most actively traded contract, inched up $4.80 to $1,687.80 an ounce.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,227.51 tons.
This morning, the U.S. dollar was paring its recent losses versus the euro, sterling and the Swiss franc, while extending gains against the yen.
In economic news from the euro zone, the average asking price for a house in the UK rose 2.8 percent in October compared to the previous month, property track website Rightmove said. That followed the 0.7 percent gain in September. On an annual basis, prices rose 1.2 percent after gaining 1.5 percent in the previous month.
Elsewhere, the prices of silver and platinum were ticking higher in morning deals.
In economic news from the U.S., the results of the New York Federal Reserve's empire state manufacturing survey will be released at 8:30 a.m. ET. The headline general business conditions index for October is expected to come in at -3.25 after declining 1.1 points to -8.8 in September.
Before the market opens, the Federal Reserve will release its industrial production report for September. Economists estimate 0.2 percent growth in industrial production for September.
