Gold prices fell slightly on Monday as the dollar gained ground, although expectations of a potential US interest rate cut limited deeper losses, according to market data.
The decline followed remarks by Federal Reserve Chair Jerome Powell, who signaled the possibility of easing rates in the coming period.
Spot gold slipped 0.2 percent to 3,364.25 dollars per ounce after reaching its highest level since August 11 on Friday.
US gold futures for December delivery dropped 0.3 percent to 3,409.80 dollars.
Meanwhile, the dollar index rose 0.2 percent against a basket of major currencies, recovering from a four week low and making gold less attractive for holders of other currencies.
Among other precious metals, silver fell 0.2 percent to 38.09 dollars an ounce, platinum declined 0.3 percent to 1,356.95 dollars, and palladium lost 0.6 percent to 1,119.67 dollars.
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