Gold prices dipped on Monday due to a stronger U.S. dollar and a recovery in equities, as major central banks around the world hinted at more stimulus, easing fears about a sharp economic downturn.
Spot gold was down 0.3% at $1,509.13 per ounce at 0354 GMT.
U.S. gold futures also fell 0.3% to $1,518.70 an ounce.
"The dollar is getting stronger, and given that gold had a very good rally over the last few weeks, we are just seeing some profit-taking coming in," said OANDA analyst Jeffrey Halley, adding that the recovery in equities is somewhat fragile and gold looks constructive.
The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other currencies.
The 10-year U.S. Treasury yield pulled away from a three-year trough hit last week.
Asian stocks also rose on Monday as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany and China soothed investors' fears of global economic slump.
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