Investing.com - Gold fell slightly in Asia on Monday with investors ready for central bank meetings this week in the U.S. and Japan.
On Wednesday, the Federal Reserve policy latest monetary policy statement will be closely-watched for fresh guidance on the pace of interest rate hikes over the next several months and a monetary policy announcement from the Bank of Japan on Friday, amid growing expectations for further stimulus.
Gold for August delivery on the Comex division of the New York Mercantile Exchange fell 0.14% to $1,329.70 a troy ounce.
Also on the Comex, silver futures for September delivery dipped 0.31% to $19.627 a troy ounce, while copper futures for September delivery inched up 0.04% to $2,237 a pound.
Last week, gold prices declined on Friday, ending the week close to a three-week low as renewed expectations for a Federal Reserve rate hike later this year boosted the U.S. dollar and as investors looked to buy into rising equity markets rather than purchasing safe-haven assets.
The yellow metal remained supported amid speculation central banks in Europe and Asia will step up monetary stimulus in the next few months to counteract the negative economic shock from the Brexit vote.