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Demand for safer assets, including gold, also weakened after Hurricane Irma wreaked less damage in Florida than had been feared.

Spot gold had edged 0.1 percent lower to $1,325.56 an ounce by 0052 GMT. In the previous session, it lost 1.4percent in its biggest one-day percentage decline since early July.

U.S. gold futures for December delivery were down 0.4 percent at $1,330.00 an ounce.

·         "Both of these events failed to materialize in a major way," said Saxo Bank analyst Ole Hansen. "The short-term stage has been set for some consolidation (in gold prices). Much depends on where the dollar and bonds decide to go."

·         "It looks like speculators who had established positions to take advantage of a possible rise in risk aversion, were left disappointed as North Korea did not conduct another missile test at the weekend," said Fawad Razaqzada, technical analyst for Forex.com.

"From a technical stand point, gold's weakness also makes sense, but so far it can only be interpreted as a mere pullback from overbought levels, rather than trend reversal."