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- Gold prices hit a 13-month high last Thursday, but the financial stability fears driving gold gains earlier in the year appear to have receded.

Going forward, Fed and ECB decisions may have a bigger impact on gold prices this year, with further ECB easing bullish and further Fed tightening bearish.

- Gold futures on the COMEX division of the New York Mercantile Exchange fell slightly on Monday as U.S. equities showed strength midday.

The most active gold contract for April delivery fell 6.7 U.S. dollars, or 0.53 percent, to settle at 1,264.00 dollars per ounce.

Gold was put under pressure as the U.S. stocks pared early losses to trade higher around midday Monday, as Wall Street cheered over the continued rebound in oil prices.

Analysts noted that when equities post losses, the precious metal usually goes up, as investors are looking for a safe haven, while the opposite is true when U.S. equities post gains.

The gold futures also retreated on technical selling as gold climbed more than 4 percent last week, and some analyst said that gold was overheated.

- Gold prices ended the U.S. day session modestly lower Monday, on some profit-taking pressure from recent gains. Bulls remain in firm near-term control as prices are trending higher and hovering near last Friday’s 13-month high. The overall near-term path of least resistance for prices remains sideways to higher. April Comex gold was last down $4.20 at $1,266.50 an ounce. May Comex silver was last down $0.039 at $15.655 an ounce.

Technically, April gold futures prices closed near mid-range. Prices Friday hit a 13-month high and closed at a bullish weekly high close. Prices are in a 2.5-month-old uptrend on the daily bar chart and bulls have the solid overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at 1,238.00. First resistance is seen at today’s high of $1,274.10 and then at Friday’s high of $1,280.70. First support is seen at today’s low of $1,257.40 and then at $1,250.00. Wyckoff’s Market Rating: 7.5

- China's gold reserves stood at 57.5 million fine troy ounces at the end of February, up from 57.18 million at the end of January, the central bank said on Monday.