On the Comex division of the New York Mercantile Exchange, gold fell delivery in February by 1.30, or 0.1%, to trade at $ 1,275.60 per ounce during European morning trade.
And traded prices in the range of 1,274.90 and $ 1,281.90 Dolarllounsh for Lounsh.
It was expected that trading volume remains weak on Monday as US markets were on holiday.
On Friday, gold record of $ 1,282.40 per ounce, the highest price September 2 since before settling at $ 1,276.90 per ounce, up by 12.10, or 0.96%.
And was likely to find support gold at $ 1,255.20 per ounce, the lowest price since January 16 and resistance at $ 1,290.90 per ounce higher price September 2 ago.
Also in the Comex, silver March delivery fell 7.2 cents, or 0.41%, to trade at 17.67 Dolarllounsh.
At the same time, the euro fell against the dollar, the lowest price with the dollar's decline as the euro fell against the yen, with the yen fell, during today's trading session Monday as investors awaited to see whether the European Central Bank will apply quantitative easing program at its meeting next Thursday.
On Thursday, the Swiss central bank surprised markets by lowering the exchange rate by 1.20 against the euro, ignoring the three years from the imposition of this application, which increased expectations that the European Central Bank to act during this week.
The effect of this move negatively on the financial markets and led to the high Swiss franc in all areas.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, was up 0.35% to hit 92.72.
Elsewhere in metals trading, copper March delivery fell 1.1 cents, or 0.42%, to trade at $ 2.607 a pound.
Market participants are awaiting a slew of Chinese economic data on Tuesday, looking for other indicators on the strength of the economy and the future path of monetary policy.
China also will release the GDP report in the fourth quarter, in addition to reports on industrial production and retail sales and fixed-asset investment for the month of December / December
Analysts expected to grow China's market economy by 7.2% in the three months ended December 31, down from the 7.3% recorded in the previous quarter growth rate.
Recent economic data from the Asian country have indicated that the economic recovery is still weak, which may require further monetary stimulus.
China is the largest consumer of copper in the world, accounting for 40% of global consumption. Gold investing news