Gold is currently at $1,119.90 (-0.13%) near a 2-1/2-week low as an imminent interest rate hike in the U.S. weighs on the non-yielding metal. Some analysts still expect a rate hike at a meeting on September 16-17 when Fed policymakers meet next.

China's trade surplus came in at $60.24 billion in August beating expectations for $48.2 billion. Exports fell by 5.5% y/y compared to -8.3% reported previously and -6.0% expected. At the same time imports fell by 14.3% in August compared to -8.1% in July. Imports missed expectations too. There's more data on the world's second-biggest economy coming this week. Investors will watch it to assess strength and prospects of the global economy.