Gold prices eased on Monday, with spot gold falling 0.7 percent to US$4,061.35 per ounce as of 02:42 GMT.

US gold futures for August delivery declined 0.5 percent to US$4,076.40. Gold was on track for a fourth consecutive monthly loss of 10.4 percent.

Spot silver fell 1.1 percent to US$58.51 per ounce, while platinum rose 1 percent to US$1,630.13 and palladium gained 0.8 percent to US$1,218.92.