Gold fell on Monday, giving back most of the previous session's sharp short-covering gains, and silver fell also, as a strong U.S. dollar and bearish chart signals offset uncertainty over the prospect of fresh elections in Greece.
Spot gold was last down 1.1 percent at $1,181.16 an ounce, following a 1.8-percent gain on Friday. U.S. gold futures for December delivery fell $13.40 to settle at $1,181.90 an ounce.
The greenback recovered earlier losses, with the dollar index higher against a basket of major currencies.
Silver was down 1.7 percent at $15.74 an ounce, reversing earlier gains and extending losses after breaking through support at $16.
Trading volumes were thin due to the Christmas and year-end holidays. Floor trading for CME Group's precious and base metals futures and options products will be closed on Jan. 1.
"As we traded into the U.S. session, there was more focus on thin trading conditions and a breach of key technical areas" for gold and silver, said David Meger, director of metals trading for Vision Financial Markets in Chicago.