Gold slipped on Monday as signs that countries may soon ease coronavirus-driven lockdowns lifted risk sentiment, although its losses were limited by hopes of more stimulus measures from major central banks.
Spot gold was down 0.6% at $1,716.33 per ounce by 0954 GMT. US gold futures were little changed at $1,735.90.
"We're seeing a positive trajectory in coronavirus cases in Europe and in the US We are starting to see a lot more talk about economies reopening and trying to get business back to normal as much as possible and that does seem to be lifting sentiment," OANDA analyst Craig Erlam said.
"This kind of bounce in risk appetite is potentially fuelling profit taking in gold," he added.
Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.
Holdings of the world's largest gold-backed ETF, SPDR Gold Trust, rose 0.6% to 1,048.31 tonnes on Friday.
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