Gold bars sit in a vault at the Perth Mint Refinery in Perth, Australia, on August 9, 2018.

Gold prices retreated from a record high on Monday after the dollar strengthened and investors booked some profits, with the focus now on proposals for new U.S. coronavirus aid to extend relief benefits to jobless Americans.

Spot gold fell 0.3% to $1,969.74 per ounce, having earlier hit a record high of $1,984.66. U.S. gold futures eased 0.1% at $1,984.10.