Gold inches higher on weaker dollar, Asian buying

Spot gold edged up 0.4% to US$1,199.86 an ounce at 0759 GMT on Monday, after losing about 2% last week.

SINGAPORE: Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe haven appeal.

Strength in oil prices also supported bullion, but gains in gold could be difficult to hold due to expectations of higher US interest rates and a strong outlook for the dollar.