Gold prices fell on Monday as investors awaited key U.S. inflation data that could give clues to the timing of the Federal Reserve's first interest rate cut.
Spot gold was down 0.2% at $2,354.77 an ounce by 0448 GMT. The previous session saw gold hit a two-week high.
US gold futures also fell 0.6% to $2,361.
The US producer price index data is due out tomorrow, Tuesday, followed by the consumer price index data on Wednesday.
After weaker-than-expected US jobs data for April and last week's jobs report, expectations have increased that the US Federal Reserve will adopt interest rate cuts this year.
Traders expect the US Federal Reserve to begin a monetary easing cycle in September, and low interest rates reduce the opportunity cost of holding gold.
Among other precious metals, spot silver fell 0.4% to $28.03 an ounce, platinum fell 0.1% to $992.89 and palladium was flat at $978.03.
