Gold hovers near 3-week low as dollar firms, focus on US inflation data

Gold prices hovered near a three-week low on Monday as the dollar held firm and investors awaited U.S. inflation data for more cues on whether the Federal Reserve will stand pat on interest rates or raise them higher.Spot gold was down 0.1% at $1,934.53 per ounce, as of 0447 GMT. U.S. gold futures gained 0.1% to $1,939.00.