The price of gold edged up in Asian trading Monday amid a steady U.S. dollar.
Gold for April delivery, the most actively traded contract, edged up $6.70 to $1,662.50 an ounce. Last week, gold shed over 3 percent to dip near a 2-month low after the Federal Reserve commented that inflation would remain subdued.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,293.27 tons.
by RTT Staff Writer
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