(Reuters) - The metal has struggled to breach key technical levels after hitting a five-week high last week, but might get support from firm oil prices and the dollar, which stayed near record lows against the euro, analysts said.
"The dollar is still the main driver of gold prices and there will be a set of important data points this week, which may influence the euro/dollar and hence gold," said Michael Widmer, research director at Calyon Corporate and Investment Bank.
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"The dollar is still the main driver of gold prices and there will be a set of important data points this week, which may influence the euro/dollar and hence gold," said Michael Widmer, research director at Calyon Corporate and Investment Bank.
Read more at Reuters.com Hot Stocks News
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