Gold retains sharp gains, SPDR holdings at 6-year low

Spot gold eased 0.2% to US$1,192.25 an ounce as of 0046 GMT on Monday, largely retaining Friday's 1.8% gain - Reuters Photo.

SINGAPORE: Gold was trading near its highest in nearly a week on Monday, retaining sharp short-covering gains from the previous session, but the metal could be susceptible to losses given weak investor sentiment and a strong dollar.

Spot gold had eased 0.2% to US$1,192.25 an ounce as of 0046 GMT, largely retaining Friday's 1.8% gain.