Gold prices edged higher in early Asian trade on Monday, helped by a weaker U.S. dollar, although chances of more interest rate hikes by the Federal Reserve this year to tame sticky inflation weighed on bullion's appeal.
* Spot gold rose 0.3% to $1,926.29 per ounce by 0051 GMT. U.S. gold futures were up 0.3% at $1,936.10 per ounce* Bullion fell 1.8% in the previous week on hawkish comments from several Fed officials.signalled more rate hikes ahead but vowed the central bank would proceed with caution.two more rate hikes this year is a "very reasonable" projection.* U.S.
fell to a three-month low in June as services growth eased for the first time this year, yet economic growth ticked up a notch in the second quarter.said the country would not rule out any options available to respond to currency moves, stepping up warnings against recent yen weakening that was "rapid and one-sided."
* Stocks slipped and oil rose as investors figured an abortive weekend mutiny by Russian mercenaries raised questions about stability and crude supply.* Palladium rose 1% to $1,297.63. The metal had hit a0800 Germany Ifo Business Climate New JuneReporting by Seher Dareen in Bengaluru; Editing by Subhranshu Sahu
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