Gold slipped to its lowest level in over two weeks on Monday as equities rallied and the dollar firmed, while prospects of monetary policy tightening in the United States ahead of a Federal Reserve meeting also weighed on the metal. Spot gold was down 0.2 percent at $1,317.00 an ounce, as of 0423 GMT. Earlier in the session, it hit $1,315.10, its lowest since Aug 31. U.S. gold futures for December delivery fell 0.3 percent to $1,321.10 an ounce. 

Further risk-taking appetite left gold prices in the dust. Asian shares hit a decade high on Monday and the dollar held firm near a seven-week high against the yen, in the start to a week in which the Fed is likely to announce balance sheet tapering.

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