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Gold settled slightly lower on Monday, having hit a fresh five-week high earlier after weak U.S. economic data buoyed investors' belief the Federal Reserve would stick with its bullion-friendly stimulus measures at a policy meeting later this week.
Pending home sales slumped 5.6 percent in September, a rate that was far steeper than expected and the biggest drop in more than three years.
The Fed starts its two-day policy meeting on Tuesday and is widely expected to keep its bond-buying stimulus unchanged at $85 billion per month. Most expect the central bank will delay withdrawing stimulus until March 2014.
Spot gold hit a best since Sept. 20 at $1,361.60 an ounce after the data, and was up 0.2 percent to $1,354 an ounce. U.S. gold futures for December delivery settled 30 cents lower at $1,352.20 an ounce.
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