Gold prices were little changed near 6-week lows Monday morning as the dollar trimmed recent losses against the revived euro.
On the Comex division of the New York Mercantile Exchange, gold futures for June were up $4 at $1180 an ounce, having dropped below $1170 last week.
Gold has struggled since hitting $1214 late in April, as traders have tried to make sense of mixed signals on interest rates from the Federal Reserve.
Last week, the Fed removed any calendar references from its statement on interest rates, meaning that a rate hike could be on the table at all upcoming meetings, including June, despite a rough first quarter for the U.S. economy.
silver futures for July delivery jumped 16 cents to trade at $16.30 a troy ounce.
Looking ahead, the U.S. jobs report for April is due out on Friday, and should shed light on whether June is a real possibility for the first interest rate in years.
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