Gold price today, Feb. 16 -- Both gold and silver are trading lower in Monday's session as investors appear to be booking profits after recent gains, while the strengthening US dollar is also keeping safe haven assets under pressure.

After closing last week with a 1.35% surge, the April futures contract on Comex dropped $65 per troy ounce to reach the day's low of $4,981 on 16 February.

The latest batch of US economic data has painted a mixed picture regarding Federal Reserve interest rate cuts.

US consumer prices increased less than expected in January, coming in below estimates, while job growth unexpectedly accelerated during the same month.

Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that interest rate...