Australia TD-MI Inflation Gauge (YoY) increased to 3.6% in January from previous 3.5% | FXStreet

Gold price extends correction to fresh monthly lows near $4,400 inEuropean trading on Monday, pressured by some profit-taking. The precious metal continues its downtrend after reaching historic highs last week asKevin Warsh’s nomination as the nextFedchair eases concerns over the US central bank’s independence, bolstering the US Dollar recovery. US ISM PMI Manufacturing PMI data is awaited.