Concern over the Federal Reserve's (Fed) firm stance to lower inflation to the 2% target continues to put pressure on gold trading.
This follows the United States' inflation report which shows it is still high despite continuing to decline and retail sales data is also strong.
It has strengthened the view that the Federal Reserve (Fed) will continue to implement interest rate increases to ensure that inflation really comes down to the target.
As a result, the yellow metal was dragged further to a one-month low of $1,818 an ounce on Friday as the view supported the strength of the US dollar and US 10-year bond yields.
Even so, gold made a comeback towards the end of last week's trade as the US dollar retreated from its highs due to profit-taking activity.
The Asian session today (Monday) saw the precious metal rise slightly around the price of $1,840 per ounce as the market's focus now shifts to the report of the minutes of the FOMC meeting and US gross domestic product (GDP) data this week.
