Weighing on gold is a drop in holdings of physically-backed exchange traded funds to 55.231 million ounces from 55.654 million ounces last Wednesday, when the Fed raised rates and pushed the dollar index to two-week highs.
The dollar was subdued after US homebuilding fell for a third month in May to the lowest in eight months and a barometer of USA consumer sentiment unexpectedly fell in early June, prompting concerns about the Federal Reserve's plans to stick with its monetary policy tightening. "Inflation is a little lower than what we would like, but we think that if the labor market continues to tighten, wages will gradually pick up, and with that inflation will gradually get back to 2 percent", Dudley told a local business group in Plattsburg, New York. It hardly budged on news that several people were injured in north London early on Monday after a van rammed into worshippers leaving a mosque. The euro was up 0.1 percent against the yen, at 124.25 yen.
"There are some concerning signals from the two largest gasoline (palladium) auto markets, the US and China", ICBC Standard Bank analysts said in a note."The pace of sales growth in both countries has slowed sharply this year."U.S. and Chinese passenger vehicle sales fell in May from a year earlier.Silver XAG= lost 0.3 percent to $16.54 an ounce and platinum XPT= slid 0.6 percent to $918.55 an ounce".
Silver lost 0.1 percent to $16.56 an ounce and platinum slid 0.5 percent to $919.5 an ounce. "I do see some support from uncertainty about the United Kingdom government and the start of Brexit negotiations".
The dollar index, which measures the greenback against six major peers, rose 0.38 percent at 97.532 in late trading. But its rally was tempered by Friday's weaker-than-expected housing and consumer sentiment data. The U.S. dollar gained to 0.9754 Swiss franc from 0.9736 Swiss franc, and it moved up to 1.3223 Canadian dollars from 1.3217 Canadian dollars.
"My view is that Dudley won't sound too dovish, and thus allow the dollar's gradual rise to resume". There was no discernible boost for the single currency from the landslide victory of French President Emmanuel Macron's government in parliamentary elections on Sunday.
The greenback fared better against the Japanese yen, which remained weak after the Bank of Japan left its ultra-loose monetary policy unchanged last week.
The dollar was up 0.1 per cent at 110.955 yen.
US passenger vehicle sales fell 9.8 percent in May from a year earlier. Brent settled 1 percent lower at $46.91. Sterling declined 0.4 percent to $1.2732 as Britain began formal negotiations on its planned exit from the European Union.