Gold edged down slightly on Monday, after rising over one percent to a near 3-week high in the previous session, as equities rose and the dollar recovered from lows hit after disappointing U.S. growth figures last week 

Spot gold fell 0.3 % to $1,346.89 an ounce at 0056 GMT. Bullion hit a high of $1,355.10 on Friday, its highest level since July 12.

U.S. gold was down 0.3 percent at $1,354 an ounce.

The U.S. Commerce Department reported on Friday that the U.S. economy grew at a 1.2% annual rate in the second quarter, much less than expected, as inventory investment fell for the first time in nearly five years.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.40 % to 958.10 tonnes on Friday.

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