The price of the yellow metal on Monday fell, under pressure from the US dollar.
At 16:46 GMT, the spot price of gold was down 0.3 percent at $ 1222.13 an ounce.
The metal touched its highest level in two and a half months last week at $ 1233.26.
Prices are heading for the biggest daily percentage drop since October 12, Reuters reported.
US gold futures fell 0.3 percent to $ 1224.80 an ounce.
The dollar rallied against a major basket of currencies, cutting demand for the yellowed metal in US currency, while Wall Street was unable to take advantage of gains from European and Asian stock markets.
Among other precious metals, silver fell 0.4 percent in spot trade to $ 14.54 an ounce, while platinum fell 0.8 percent to $ 822.90 an ounce.
