Gold was languishing near its lowest in over a month on Monday, as record-high equities dented its appeal as a safe-haven, with investors also focusing on the Federal Reserve's policy meeting this week for clues on the timing of a U.S. rate hike.
Bullion tumbled over 1 percent on Friday after equity markets worldwide climbed to record highs as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism.
Gold is usually seen as a safe-harbour asset and tends to do well when riskier assets such as equities underperform.
The price of the metal was also weighed down by uncertainty over when the Fed would begin to hike rates.
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