Gold steadied on Monday, retreating from a near three-week high hit in the previous session, as the dollar recovered from its lows, but uncertainty over the Federal Reserve's interest rates path limited losses.
Spot gold was up 0.24 percent at $1,360.80 an ounce. Bullion hit $1,355.10 on Friday, its highest since July 12, after much slower-than-expected U.S. economic growth weighed on the dollar.
U.S. gold settled up $2.10 at $1,359.60 and was last up 0.25 percent at $1,353.90.
"The Fed passed on a July rate hike, the dollar softened and the market is not pricing a rate hike now. For the moment that is all positive for gold," Citigroup strategist David Wilson said.