Gold fell Monday, away from the highest level in more than three months, which reached in the previous session, as the dollar rose and European shares rose.
By 10:36 GMT, spot gold fell 0.3 percent to $ 1230.08 an ounce after hitting its highest since July 17 at $ 1243.32 an ounce.
Gold futures in the US futures contract fell 0.3 percent to $ 1,232 an ounce.
European shares opened higher today on positive corporate earnings and satisfaction with Italy's downgrade, helping stocks recover from selling to levels not seen since December 2016.
The dollar's appreciation of the metal's precious metal has also curtailed, and the greenback has moved back towards a 10-week high hit Friday against a basket of major rivals due to concerns about global growth prospects.
A rising dollar would increase the cost of the metal to holders of other currencies, other than the US currency.
For other precious metals, silver rose 0.2 percent to $ 14.64 an ounce.
Palladium, which hit a record $ 1150.50 an ounce last week, rose 0.4 percent to $ 1109.25 an ounce, while platinum rose about 1 percent to $ 837.80 an ounce.
