Gold was extensively enduring on Monday on short covering, drifting around over five-month lows hit on Friday after a worldwide auction in products.
Spot gold slipped about 0.1 percent to $1,224.10 an ounce. It rose nearly 0.5 percent earlier in the session.
U.S. gold futures were mostly unchanged at $1,223.40 per ounce.
The U.S. dollar touched a nine-month top in Asia on Monday as the danger of speedier swelling at home and more noteworthy security issuance kept Treasury yields hoisted, an agonizing blend for resources in numerous developing business sector nations.
U.S. financial development prospects seem sufficiently solid for the Federal Reserve to continue with slow loan fee rises yet the national bank is checking an expansion in long haul U.S. government acquiring costs, Fed Vice Chair Stanley Fischer said on Friday.
After Donald Trump's victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end.
President-elect Donald Trump began laying the groundwork on Friday to take office on Jan. 20, 2017, gathering the most loyal advisers from his campaign and three of his children to plot his transition strategy.
European Central Bank rate setter Philip Lane shrugged off a sell-off in euro zone government bonds since Donald Trump won the U.S. election, playing down the significance of "day-by-day" market moves for ECB policy.
The Bank of Japan is expected to wait until the middle of next year before adopting further stimulus measures, although Donald Trump's election adds uncertainty to the economic outlook, a Reuters poll found on Friday.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.76 percent to 934.56 tonnes on Friday from 941.68 tonnes on Thursday.