The U.S dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold hit five-year lows as a lack of global inflation left little to hedge against. Activity was light with Japan on holiday and a dearth of major data in the diary, leading to a cautious start for stocks. Australia’s main index (.AXJO) was a fraction weaker, while MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent.