Gold prices were slightly weaker in the early trade of the week as the US dollar looked for strength to bounce back.
In the Asian session, spot gold traded at $1,907 per ounce, while gold futures were little changed at $1,909 per ounce.
Despite the gloom, the yellow metal still maintained its strength at an 8-month high with investors' focus now on US producer inflation data in the New York session.
The US producer price index (PPI) is expected to show a decline in December, confirming that price pressures in the country continue to ease.
At the same time, the focus was also on US retail sales data which was forecast to contract lower last month, indicating that spending is slowing as rising interest rates hurt purchasing power.
Although the Federal Reserve (Fed) is expected to be less hawkish, investors will still scrutinize incoming data to get more clarity on the performance of the world's largest economy.
