XAGUSD View!* Spot gold
GOLD
was flat at $2,502.89 per ounce, as of 0015 GMT after hitting a session low of $2,494.15 on Friday. However, bullion registered a monthly gain in August.
* U.S. gold futures
GOLD
rose 0.3% to $2,535.00.
* Data on Friday showed that U.S. consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Fed this month. The personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June.