Gold declined to $1,142.40 (-0.55%) amid profit taking after recent gains. Chinese investors returned to markets after a week-long vacation and sold bullion, which gained $30 per ounce during China's National Day holiday.

Investors are waiting for Fed meeting minutes to assess prospects of interest rates in the U.S. Fed's intention to start raising rates keeps gold under pressure, however signs of a delay would support the precious metal in the near term.