Gold prices dropped by more than 1 percent on Monday amid a decline in trade tensions between the United States and China, while a rising dollar added to the pressure.
Spot gold fell 1.4 percent to $3,272.89 an ounce.
Gold prices had reached a record high of $3,500.05 on April 22.
U.S. gold futures dropped 0.4 percent to $3,283.70 an ounce.
In the other precious metals, silver fell 1.2 percent to $32.70 an ounce, platinum declined 0.6 percent to $965.70, while palladium slipped 1 percent to $939 an ounce.
