MARKET NEWS
Gold falls for second session on higher dollar, risk appetite - REUTERS
By Rahul Paswan
- Fed to be cautious in reducing interest rates, says analyst
- Market awaits this week's speech by Fed's Jerome Powell
- US CPI, PPI data also due
Nov 11 (Reuters) - Gold fell for a second session on Monday, hurt by a firmer dollar and increased risk appetite as markets expect the Federal Reserve to adopt a cautious approach to monetary policy easing under U.S. President-elect Donald Trump's administration.
Spot gold was down 0.8% at $2,661.92 per ounce as of 1245 GMT, after dropping around 1% earlier in the session. U.S. gold futures fell 0.9% to $2,668.80.
