Gold got off to a quiet start to the week on Monday

Gold got off to a quiet start to the week on Monday, struggling to recover from the previous session’s losses as investors worried over the timing of a US interest rate hike.

FUNDAMENTALS
Spot gold was little changed at $1,146.70 an ounce by 0040 GMT.

The metal had dropped 0.7 percent on Friday after Federal Reserve chair Janet Yellen said the US central bank would begin to raise rates this year.

Among other precious metals, platinum steadied on Monday, after posting its biggest weekly drop since July on Friday.

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