Precious-Gold dropped to erase its earlier gains as hopes European leaders would not eject Greece out of the euro after the referendum dented the metal’s appeal as a safe haven asset.
The yellow metal hit a high of $1174.71 an ounce at early trading, yet it tumbled to low of $1163.25.
Greek banks may will remain closed until Tuesday, but it could stay shut for a longer period if the ECB decided to cut its emergency assistance.
Eyes will focus on a meeting between German Chancellor Angela Merkel and French President François Hollande later in the day.
The dollar fell from a high of 96.84 to hover around 96.43, according to the dollar index that tracks the green currency’s movements against a basket of six currencies.
Among other precious metals, platinum fell to $1061.90 an ounce from a high of $1073.50, palladium dropped to $670.76 from the session’s opening at $676.50 and silver inched down to $15.63.