Gold extended losses on Monday from the previous session ahead of central bank meetings in the United States and Japan this week and amid strong appetite for riskier assets like equities. 

Spot gold fell 0.4 % at $1,317.40 an ounce at 0052 GMT. Bullion fell 0.7 % on Friday, declining for a second successive week.

U.S. gold was down 0.5 % at $1,317.50 an ounce.

Gold demand in Asia continued to underwhelm, but a dip in global prices over the past couple of weeks raised expectations of buying in the coming days alongside keeping a lid on selling by consumers. 

Gold for August delivery on the Comex division of the New York Mercantile Exchange fell 0.14% to $1,329.70 a troy ounce.

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