Gold edged up on Monday, but lingered below the latest touched peaks as the continued robust in the greenback impacted largely the metal markets.

Investors maintained a strong bias in favour of the greenback due to expectations of more clues regarding U.S. inflation and interest rates, yet greenback experienced some buying after sharp losses on Friday.

Spot gold edged up by 0.2% to $2,169.77 per ounce, while gold futures advanced by 0.5% to $2,170.55 per ounce.

The price of gold was trading far below the all-time highs reached the earlier week, as hints on interest rate trim from Fed triggered gold solid gains.

However, gold steeply slumped from record peaks at the close of the week, in response to dovish hints from other central banks, investors shifted primarily towards the greenback as the high yielding and low risky.

The dollar index ticked up on Monday to one month peak, Robust in the greenback was also triggered by the largely anticipated PCE price index figures, Fed’s favoured inflation gauge, scheduled to release during the week and comments from a slew of Fed officials.