Gold retreated to $1,136.50 (-0.10%), but stayed near a one-week high amid expectations that weak jobs data and recent reports, which also missed expectations, will prevent the Federal Reserve from raising interest rates in 2015. Analysts also said that in the near future bullion might decline due to profit taking after Friday's 2.2% gain.

SPDR Gold Trust, the biggest gold-backed exchange-traded fund in the world, reported a small outflow of 0.22 tonnes on Monday (the first outflow in two weeks).