The price of gold was moving lower Monday morning, with the US dollar trading mixed following jobs data.
Gold for August delivery, the most actively traded contract, eased $3.50 to $1,379.50 an ounce. Last Friday, gold plummeted over 2 percent to erase gains made during the week tracking rising equity markets in Europe and North America with the dollar strengthening against a basket of select currencies after some upbeat, better than expected jobs data out of the U.S., notwithstanding an increase in unemployment rate.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved down to 1,007.14 tons from 1,007.74 tons.
Meanwhile, the U.S. dollar was lingering near a four month low versus the euro and sterling, while leveling off from a two-month low against the Swiss franc and the yen.
In economic news, investor confidence in euro zone improved for a second consecutive month in June, data released by think-tank Sentix showed. The investor sentiment index rose to -11.6 in June from -15.6 in May. The latest figure, however, was slightly weaker than -11.3 expected. The current situations sub-index for the euro area increased to -28.8 from -32.3 in May. The expectations component rose notably to 7.3 from 2.8 in the preceding month.
Meanwhile, a report from the Federal Statistical Office revealed Switzerland's retail sales grew by real 3.3 percent in April from the prior year. The annual growth follows a 0.8 percent drop in March. Likewise, excluding sales of fuel, retail turnover surged 3.5 percent annually, reversing last month's 0.9 percent decrease in March.
Elsewhere, the prices of silver and platinum were moving lower in morning deals.
