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  Gold inched down on Monday morning in Asia ahead of speeches by U.S. Federal Reserve officials later in the week, with losses capped by a weak dollar.  Gold futures  were down 1.32% at $1,936.50, while the dollar was down on Monday. Investors are turning their focus to Fed Chairman Jerome Powell, who is scheduled to appear before the U.S. Congress later this week, for further guidance on the Fed’s approach to inflation. Other Fed committee members, including Charles Evans, Raphael Bostic, Lael Brainard, James Bullard, Mary Daly and John Williams, are also scheduled to deliver speeches. “The focus on Jerome Powell will be how much he is going to try to sway the Senate to provide more stimulus, more stimulus in the U.S. could lead to a weaker U.S. dollar and that would be positive for gold,” AxiCorp chief market strategist Stephen Innes. A surge in new COVID-19 cases in Europe also helped cap loses, with the U.K. contemplating a new national lockdown. Countries such as De...

  Overnight on Wall Street, the Dow Jones Industrial Average closed 439.58 points higher at 27,940.47.  The S&P 500 jumped 2% to 3,398.96 and the Nasdaq Composite advanced 2.7% to 11,141.56. The U.S. Treasury department will auction $23 billion of 30-year bonds later in the day, along with $30 billion of 4-week bills and $35 billion of 8-week bills. Stocks in Asia-Pacific were trading mixed in the early trade session today following the drop in the shares of Indonesia and China. Mainland  Chinese stocks  were flat in the afternoon trading, with the Shanghai composite down 0.22% while the Shenzhen component slid 0.459%. Shares of Yum China slipped more than 3% from their issue price following the stock’s issue. Hong Kong’s Hang Seng Index was 0.17% higher. The Nikkei 225 in Japan rose 0.88% to close at 23,235.47, while the Topix index advanced 1.21% to end its trading da...