Precious Metals Preview: Gold dives amid dollar strength overseas

COMEX Gold futures are seen hammered heavily on Monday morning in Asia although the yellow metal holds above $2600 mark. Dollar recouping last week?s losses and DXY above 106 mark is seen weighing down the metal. The counter is currently trading at $2650.50 an ounce, down over 1% on the day. The month of November marks the metal's first monthly drop in four months with the counter losing around 2.7% last month. The counter ended November around $2670 per ounce mark. Traders are eyeing US economic data for Fed policy cues. While Fed officials highlighted easing inflation and a steady labor market, the cautious stance on rate cuts was duly noted.

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