Gold prices edged down on Monday, after the momentum that pushed prices up 3 percent last week fizzled as the dollar firmed with growing worries about the eurozone debt crisis. Spot gold dropped 0.2 percent to $1,613.70 an ounce by 0713 GMT, on course for a second straight session of losses. The most-active US gold futures contract edged down 0.1 percent to $1,614.80.
Technical analysis suggested that spot gold could drop to $1,589 an ounce during the day, said Reuters market analyst Wang Tao.
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