Gold prices inched down on Monday, pressured by a firmer dollar, while investors awaited further clues on the U.S. Federal Reserve's timing of this year's first interest rate cut.



* Spot gold was down 0.3% at $2,030.9 per ounce, as of 0100 GMT. U.S. gold futures edged 0.4% lower to $2,040.6 per ounce.

* The dollar index was up 0.1%, making greenback-priced bullion less affordable for overseas buyers.

* Last week, Fed Governor Christopher Waller said he was in "no rush" to cut rates, firming investor bets against U.S. interest rate cuts before June.

* While another Fed official sees the U.S. central bank on track to cut interest rates "later this year," despite stronger-than-expected inflation and labour market data in January.

* Most policymakers at the Fed's last meeting were concerned about the risks of cutting interest rates too soon, minutes showed.

* Markets are currently pricing in a 68% chance of a cut in June, according to the CME Fed Watch Tool. Lower interest rates boost the appeal of holding non-yielding bullion.

* Meanwhile, a surge of interest in bitcoin exchange-traded funds (ETFs) is prompting investors to swap out holdings in gold-backed ETFs.

* Spot platinum was down 0.4% at $896.95 per ounce, palladium fell 0.3% at $968.23, while silver lost 0.4% at $22.86 per ounce. DATA/EVENTS (GMT) 1500 US New Home Sales-Units Jan (Reporting by Sherin Elizabeth Varghese in Bengaluru; Editing by Sherry Jacob-Phillips)