Australia National Australia Bank’s Business Conditions declined to 6 in May from previous 7

Gold price gained some positive traction on the first day of a new week and reversed a part of Friday’s post-NFP slump to the $2,287-2,286 area, or over a one-month low. The uptick, however, remains capped in the wake of a bullish US Dollar, which tends to undermine demand for the USD-denominated commodity.