Gold flat as stronger dollar offsets impact of mixed U.S. data

11-May (Reuters) – Gold steadied on Monday as the impact of a rebounding dollar, over talks between Greece and euro zone finance ministers, was offset by mixed U.S. data supporting bets the Federal Reserve will not raise rates until late 2015.

Spot gold was up 0.1 percent at $1,188.70 ounce by 1403 GMT, after posting a modest weekly fall the previous week.

The dollar rebounded 0.2 percent versus a basket of currencies, mostly due to euro weakness, as Greece, which must repay a 750 million euro ($837 million) loan to the International Monetary Fund on Tuesday, faces the risk of defaulting and being forced out of the euro zone.

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