Gold futures edged lower on Monday after a weekend in which New Zealand and germany went to polls to both produce results that pointed to lengthy talks to form coalition government and North Korea and the US ramped up a war of words and actions. Ahead this week, fresh comments from Federal Reserve Chair Janet Yellen are due as expectations start to grow for a December rate hike. Investors will be focusing on a pair of speeches from ECB President Mario Draghi as well as remarks from the heads of central banks in the UK, Canada and Japan.

Gold futures for December delivery declined 0.2 percent at $1,295.30 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.4 percent at $1,292.40 an ounce.

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