FUNDAMENTALS
* Spot gold was up 0.3% at $1,815.69 per ounce, as of 0057 GMT. U.S. gold futures gained 0.2% to $1,812.20.
* Gold fell more than 1% on Friday to its lowest since Feb. 4, and marked its fourth straight weekly decline.
* The dollar steadied on Monday after a fall in the previous session, but the greenback still recorded a sixth straight weekly gain last week on global economic growth concerns
* A strong dollar makes rival safe-haven gold less attractive for buyers holding other currencies
* Benchmark U.S. 10-year Treasury yields were up for a second straight session, limiting demand for non-interest bearing gold. [US/]
* Inflation will need to move lower for “several months” before Fed officials can safely conclude it has peaked, Cleveland Fed president Loretta Mester said Friday, adding she would be ready to consider faster rates hike by the September Fed meeting if the data do not show improvement.
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