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Gold Stuck In Holding Pattern

Gold futures were flat on a quiet Monday morning, with few catalysts to drive trading.

Gold was down $1 at $1318 an ounce, in the middle of a long-term trading range.

Markets are paying attention to a drop in the value of bitcoin, which has slipped near $8000 and is in danger of falling through technical support levels.

The Federal Reserve will be in focus today as pair of speakers may offer some clues about whether a June rate hike is in the cards.

Cleveland Federal Reserve Bank President Loretta Mester speaks in Paris, while St. Louis Federal Reserve Bank President James Bullard will deliver a presentation at the CoinDesk's Consensus 2018 in New York City, with media Q&A at 9.40 am ET.

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