Gold fell as the dollar strengthened against other currencies, while investors looked ahead to key US data due on Friday that may offer clues on the Federal Reserve’s next interest-rate move later this month.

Bullion dipped below $2,640 an ounce, after dropping 2.7% last week. The dollar gained as France’s far-right party threatened to topple the government as soon as this week, amid a stand-off over the nation’s budget.

The dollar index gained 0.5 per cent, on track for its best day in over a week, making greenback-priced bullion more expensive for holders of other currencies

Gold prices slipped on Monday (Dec 2), snapping a four-session rally as the US dollar firmed, while market participants awaited key US economic data for clues on the Federal Reserve’s monetary policy outlook.

Gold rose on Wednesday, rebounding from an over one-week low hit in the previous session, on a weaker dollar, but trimmed earlier gains after data showed stalled inflation progress, hinting that the U.

Gold prices eased from a one-week high on Wednesday as the dollar strengthened, though safe-haven demand linked to Russia-Ukraine tensions helped cap further losses.

Gold dropped 1% on Monday, ending a four-session winning streak, weighed down by a robust U.S. dollar, as investors eyed upcoming economic data and remarks from Federal Reserve officials for clues on the future of U.