Gold edges down on firmer dollar, US rate-hike worries.
Spot gold was down 0.2% at $1,837.59 per ounce, as of 0048 GMT. U.S. gold futures eased 0.1% to $1,847.60.
Gold prices fell on Monday, weighed down by a stronger dollar and after recent U.S. economic data raised worries that the Federal Reserve could hike interest rates further.
FUNDAMENTALS
* Spot gold was down 0.2% at $1,837.59 per ounce, as of 0048 GMT. U.S. gold futures eased 0.1% to $1,847.60.
* The dollar index was up 0.2%, making greenback-priced bullion less attractive for buyers holding other currencies. [USD/]
* Money markets are now expecting the Fed to raise benchmark rates above 5% by May, with rates to peak at 5.3% in July, after recent data showed a tight job market, along with high inflation and consumer prices.
