Gold futures were slightly lower Monday morning ahead of closely watched US manufacturing data.
Weakness in the factory sector might keep the Federal Reserve from raising interest rates in December.
Gold for December was down 4 dollars at $1136 an ounce.
Economists expect the ISM’s manufacturing index to dip to 50.0 in October from 50.2 in September, with 50 representing the dividing line between expansion and contraction.
The Commerce Department is also scheduled to release a report on construction spending in the month of September, with spending expected to climb by 0.4 percent.
The material has been provided by InstaForex Company – www.instaforex.com