India, Aug. 25 -- Gold dipped from a two-week high on Monday as the dollar recovered from the intense selloff seen in the New York session on Friday.
Spot gold dipped 0.3 percent to $3,362.55 per ounce in European trade, with signals of a potential rate cut by the U.S. Federal Reserve in September helping limit losses for the yellow metal. U.S. gold futures were down 0.3 percent at $3,407.32.
Fed Chair Jerome Powell's Jackson Hole speech was largely dovish and provided a boost to most risk assets.
The dollar rose slightly against major rivals ahead of a busy week for economic data releases.
U.S. reports on new home sales, durable goods orders, consumer confidence, second quarter GDP, personal income and spending, weekly jobless claims a...