The New Zealand dollar, fell to a nine-month low of $0.6868 after the Reserve Bank of New Zealand's decision, however it soon recovered, climbing to back to $0.6933
The drop in bond yields and the dollar gave gold a fillip last week but it again faltered at resistance around $1,832 and was last trading flat at $1,811 an ounce
Next on investors' radar is June quarter corporate earnings with Netflix, Philip Morris, Coca Cola and Intel Corp among companies expected to report this week
A heady rally in metal stocks paused last week as commodity prices pulled back from record prices. The Nifty metal index is up more than 10% this month despite the pause last week, after surging 21.9% in April.
Euro-dollar trades were softer after the European Central Bank kept its massive pandemic-fighting stimulus package in place at a Thursday meeting, as the continent's ailing economies face slow coronavirus recoveries.