Gold prices ticked down in light trade on Monday, pressured by a stronger dollar, as investors assessed the path ahead for interest rates following hawkish remarks from U.S. Federal Reserve policymakers.

Spot gold fell 0.1% to $1,955.79 per ounce by 0433 GMT. U.S. gold futures were down 0.2% to $1,967.20.

The dollar index edged up, making bullion less attractive for buyers holding other currencies.

Fed officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting last week.

U.S. stock markets will be closed on Monday for the Juneteenth holiday.

Source : Reuters